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 $1,064 and No. 5893 for $484. 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 19,000 9,750 11,458 20,708 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,064 09/04 5902 731 09/07 5901 1,834 09/17 623 NSF 09/20 5905 916 09/22 5903 434 09/22 5904 2,054 09/28 5907 234 09/29 5909 1,860 DEPOSITS AND CREDITS Date Amount 09/05 1,132 09/12 2,232 09/21 4,207 09/25 2,387 09/30 24 IN 09/30 1,476 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,132 12 2,232 21 4,207 25 2,387 30 1,682 11,640 Cash Disbursements Cash Check No. Credit 5901 1,834 5902 731 5903 434 5904 2,011 5905 916 5906 1,029 5907 234 5908 5909 1,860 9,452 403 PR Debit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total disbursements Acct. No. 101 Credit Balance 17,452 29,092 9,452 19,640 R12 D23 11,640 Additional Information Check No. 5904 is correctly drawn for $2,054 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 $2,011. 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 $1,500 note for Chavez Company by the bank. The bank deducted a $24 collection expense. The collection and expense are not yet recorded. 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.)