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 $1,010 and No. 5893 for $514. The following information is available for its September 30 reconciliation. From the September 30 Bank Statement PREVIOUS BALANCE 17,500 TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS CURRENT BALANCE 9,924 11,881 19,457 CHECKS AND DEBITS DEPOSIT S AND CREDITS Date 09/05 9/12 Date No. 5888 5902 5901 Amount Amount 1,187 2,286 4,500 2,323 09/03 1,010 09/04 09/07 09/17 777 1,864 09/21 650 NSF 9/25 09/20 5905 960 415 2,126 09/30 15 IN 09/22 09/22 09/28 09/29 5903 9/30 1,570 CM 5904 5907 255 5909 1,867 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,187 2,286 4,500 2,323 1,758 12,054 12 21 25 30 Cash Disbursements Cash Prev of 5 Next > 2. Cash Disbursements Cash Check No. 5901 Credit 1,864 5902 777 5903 415 5904 2,082 5905 960 5906 984 5907 255 5908 421 5909 1,867 9,625 Cash Explanation Acct. No. 101 Balance 15,976 28,030 18,405 Date PR Debit Credit Aug. 31 Balance Sept. 30 Total receipts 30 Total disbursementa R12 12,054 D23 9,625 Additional Information Check No. 5904 is correctly drawn for $2,126 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 $2,082. 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. The credit memorandum (CM) is from the collection of a $1,590 note for Chavez Company by the bank. The bank deducted a $20 collection expense. The collection and expense are not yet recorded. Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Bank statement balance Book balance Add: Add: Deposit of Sept. 30 Check No. 5909 0. Deduct: Deduct: Adjusted bank balance 2$ O Adjusted book balance