10/19/21, 4:30 PM Assignment Print View [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 $1,028 and No. 5893 for $494. 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 PREVIOUS BALANCE TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS CURRENT BALANCE 16,800 9,617 11,270 18,453 i CHECKS AND DEPOSITS AND DEBITS CREDITS Date No. Amount Date Amount 09/03 5888 1,028 09/05 1103 09/04 5902 719 09/12 2,226 09/07 5901 1,824 09/21 4,093 09/17 600 NSF 09/25 2351 09/20 5905 937 09/30 12 IN 09/22 5903 399 09/30 1,485 CM 09/22 5904 2,090 09/28 5907 213 09/29 5909 1,807 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,103 12 2,226 21 4,093 25 2,351 30 1,682 11,455 Cash Payments Cash Check No, Credit 5901 1,824 5902 719 5903 399 5904 2,060 5905 937 5906 982 5907 213 5908 388 5909 1,807 9,329 Cash Acct, No. 101 Date Explanation PR Debit Credit Balance Aug. 31 Balance 15,278 Sept. 30 Total receipts R12 11.455 26,733 30 Total payments D23 9,329 17,404 Additional Information (a) Check No. 5904 is correctly drawn for $2,090 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 $2,060. (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 $1,485 note for Chavez Company by the bank. The collection is not yet recorded. 9_ Award: 10.00 points https://ezto.mheducation.com/hm.tpx?todo=c1SSinglePrintView&singleQuestionNo=9.&postSubmissionView=13252717175764192132527171757641 m 1/2 10/19/21, 4:30 PM Assignment Print View Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Bank statement balance Book balance Add Add: Deduct Deduct: Adjusted bank balance Adjusted book balance References Worksheet Difficulty: 2 Medium Learning Objective: 06-P3 Prepare a bank reconciliation. https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=9.&postSubmissionView=13252717175764192, 132527171757641... 2/22. Prepare journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list X 1 Record the entry related to the September 30 deposit, if required. 2 Record the entry related to interest earned, if required. 3 Record the entry related to the note receivable collected, if required. 4 Record the entry related to the outstanding checks, if Credit required. 5 Record the entry related to the NSF check, if required. 6 Record the entry related to the error on check 5904, if required. Note : = journal entry has been entered Record entry Clear entry View general journal