1. Prepare the September 30 bank reconciliation for this company.

Required information [The following information applies to the questions displayed below.) Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, No. 5888 for $1,071 and No. 5893 for $506. Check No. 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation From the September 30 Bank Statement TOTAL CHECKS AND DEBITS PREVIOUS BALANCE 18,500 TOTAL DEPOSITS AND CREDITS 11,863 CURRENT BALANCE 20.419 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,072 09/04 5902 722 09/07 5901 1,890 09/17 621 NSF 09/20 5905 983 09/22 5903 393 09/22 5904 2,138 09/28 5907 261 09/29 5909 1,865 DEPOSITS AND CREDITS Date Amount 09/05 1,168 09/12 2,240 09/21 09/25 2,368 09/30 17 IN 09/30 1,590 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,168 12 2,240 21 25 2,368 30 1,277 12,033 Cash Payments Cash Check No. Credit 5901 1,890 5902 722 5903 393 5904 2,099 5905 983 5905 974 5907 261 5908 5909 1,865 9,587 PR Debit Credit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipta 30 Total payments Acct. No. 101 Balance 16,923 28,956 19,359 12,033 R12 D23 9,587 Additional Information (a) Check No. 5904 is correctly drawn for $2,138 to pay for computer equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,099. (b) The NSF check shown in the statement was originally received from a customer, S. Nilson, in payment of her account. Its return has not yet been recorded by the company. (c) The credit memorandum (CM) is from the collection of a $1.590 note for Chavez Company by the bank. The collection is not yet recorded. Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: Bank statement balance Add: 0 0 0 0 Deduct: Deduct: 0 0 Adjusted bank balance $ 0 Adjusted book balance $ 0 Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: Bank statement balance Add: 0 0 0 Check No. 5888 Check No. 5893 Check No. 5901 Check No. 5902 Check No. 5903 Check No. 5904 Deduct: 0 0 Adjusted bank balance $ 0 Adjusted book balance $ 0 Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: Bank statement balance Add: Check No. 5905 0 0 Check No. 5906 Check No. 5907 0 0 Deduct: Check No. 5908 Check No. 5909 Deposit of Sept. 30 0 0 Adjusted bank balance $ $ Adjusted book balance $ 0 Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: Bank statement balance Add: 0 0 Deposit of Sept. 30 Error (check 5904) Interest earned NSF check 0 0 Deduct: Note proceeds 0 0 Adjusted bank balance $ 0 Adjusted book balance $ 0 Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: Bank statement balance Add: Check No. 5888 0 0 0 0 Check No. 5893 Check No. 5901 Check No. 5902 Deduct: Check No. 5903 Check No. 5904 0 0 0 Adjusted book balance Adjusted bank balance $ 0 Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: Bank statement balance Add: Check No. 5905 0 0 0 0 Deduct: Check No. 5906 Check No. 5907 Check No. 5908 Check No. 5909 Deposit of Sept. 30 0 0 Adjusted bank balance $ Adjusted book balance 0 Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Bank statement balance Add: Add: 0 0 0 Deposit of Sept. 30 Error (check 5904) Interest earned NSF check Deduct: Note proceeds 0 0 Adjusted bank balance $ $ 0 Adjusted book balance $ 0