Homework SourseIS 19000 20 608 0905 4 079 956 930 0930 0920 5905 1 654CM So
IS 19,000 20, 608 09/05 4, 079 956 9/30 09/30 09/20 5905 1, 654CM
Solution
Solution:
| Chavez Company | |||
| Bank Reconciliation - September 30 | |||
| Bank\'s Cash balance | Company\'s cash balance | ||
| Particulars | Amount | Particulars | Amount |
| Ending balance as per Bank Statements | $20,608.00 | Ending Balance as per cash books | $19,568.00 |
| Additions: | Additions: | ||
| Outstanding cash receipt | $1,775.00 | Note Collection | $1,654.00 |
| Interest earned | $16.00 | ||
| Deductions: | Deductions: | ||
| Outstanding Checks (Check no 5893, 5906 and 5908) | $1,884.00 | NSF Cheque | $694.00 |
| Incorrect recording of cheque ($2,072 - $2,027) | $45.00 | ||
| Up to date cash balance as per bank | $20,499.00 | Up to date cash balance as per books | $20,499.00 |
