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 $1,024 and No 5893 for $513 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 20,500 9,878 11,563 22,185 CHECKS AND DEBITS DEPOSITS AND CREDITS Date No Amount Date Amount 09 03 5888 1,024 09 05 1,124 09 04 5902 716 09 12 2,230 09 07 5901 1,886 09 21 4,305 09 17 685 NSF 09 25 2,322 09 20 5905 926 09 30 12 IN 09 22 5903 449 09 30 1,570 CM 09 22 5904 2,057 09 28 5907 267 09 29 5909 1,868 From Chavez Companys Accounting Records Cash Receipts Deposited Date Cash Debit Sept 5 1,124 12 2,230 21 4,305 25 2,322 30 1,654 11,635 Cash Payments Check No Cash Credit 5901 1,886 5902 716 5903 449 5904 2,013 5905 926 5906 984 5907 267 5908 428 5909 1,868 9,537 Cash Acct No 101 Date Explanation PR Debit Credit Balance Aug 31 Balance 18,963 Sept 30 Total receipts R12 11,635 30,598 30 Total payments D23 9,537 21,061 Additional Information (a) Check No 5904 is correctly drawn for $2,057 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 $2,013 (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 $1,570 note for Chavez Company by the bank The collection is not yet recorded Required 1 Prepare the September 30 bank reconciliation for this company 2 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 )

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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

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 $1,024 and No. 5893 for $513. 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
20,500	9,878	11,563	22,185

CHECKS AND DEBITS				DEPOSITS AND CREDITS
Date	No.	Amount		Date	Amount
09/03	5888	1,024		09/05	1,124
09/04	5902	716		09/12	2,230
09/07	5901	1,886		09/21	4,305
09/17		685	NSF	09/25	2,322
09/20	5905	926		09/30	12	IN
09/22	5903	449		09/30	1,570	CM
09/22	5904	2,057
09/28	5907	267
09/29	5909	1,868

From Chavez Companys Accounting Records

Cash Receipts Deposited
Date		Cash Debit
Sept.	5		1,124
	12		2,230
	21		4,305
	25		2,322
	30		1,654
			11,635

Cash Payments
Check No.	Cash Credit
5901		1,886
5902		716
5903		449
5904		2,013
5905		926
5906		984
5907		267
5908		428
5909		1,868
		9,537

Cash			Acct. No. 101
Date	Explanation	PR	Debit	Credit	Balance
Aug. 31	Balance				18,963
Sept. 30	Total receipts	R12	11,635		30,598
30	Total payments	D23		9,537	21,061

Additional Information

(a) Check No. 5904 is correctly drawn for $2,057 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 $2,013.
(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 $1,570 note for Chavez Company by the bank. The collection is not yet recorded.

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

2. 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.)