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 $1,078 and No. 5893 for $508. 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 18,500 TOTAL CHECKS AND DEBITS 9,822 TOTAL DEPOSITS AND CREDITS 11,634 CURRENT BALANCE 20,312 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,078 09/04 5902 741 09/07 5901 1,818 09/17 652 NSF 09/20 5905 963 09/22 5903 364 09/22 5904 2,070 09/28 5907 237 09/295909 1,899 DEPOSITS AND CREDITS Date Amount 09/05 1,190 09/12 2,296 09/21 4,169 09/25 2,344 09/30 15 IN 09/30 1,620 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,190 2,296 4,169 2,344 1,674 11,673 Cash Payments Cash Check No. Credit 5901 1,818 5902 741 5903 364 5904 2,029 963 1,000 237 385 1,899 9,436 0 0 0 0 0 PR Debit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Credit Balance 16,914 28,587 9,436 19, 151 R12 D23 11,673 Additional Information (a) Check No. 5904 is correctly drawn for $2,070 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 $2,029. (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 $1,620 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: Deduct: Deduct: Adjusted bank balance $ 0 Adjusted book balance $ 0