Chavez Company most recently reconciled its bank statement and book balances of castron August 31 and it reported Two checks outstanding, No. 5888 for $1,049 and No 5893 for $483. 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 17,500 TOTAL CHECKS AND DEBITS 9, 801 TOTAL DEPOSITS AND CREDITS 11,350 CURRENT BALANCE 19.049 CHICTES AND DESITE Datu NO Amount 09/03 5888 1.049 09/04 5902 727 09/07 5901 1,386 09/17 625 NSE 09/20 5905 954 09/22 5903 415 09/22 5904 2.075 09/28 5907 211 09/29 5909 1.859 DEPOSIT AND CREDITO Date Amount 09/05 1.163 09/12 2. 266 09/21 4.027 09/25 2.365 09/30 21 IN 09/30 1510 CM From Chavez Company's Accounting Records can Recept Deposited bate Sept. 5 12 21 25 30 Debit 1,161 2,266 4.027 2, 365 1.698 11,517 Cash Payments Cash Check No Credit 5901 1.886 5902 727 5903 415 5904 2,035 5905 954 3906 1,049 5907 211 5905 386 5909 1.359 9.522 PR Debit Cash Date Explanation Aug. 31 Balance Bopt. 30 Total receipts 30 Total payment noct. No. 10 credit Balance 15,960 27,485 9,522 17,963 11,517 R12 123 Additional Information (a) Check No. 5904 is correctly drawn for $2.075 to pay for computer equipment, however, the recordkeeper mistead the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,035 (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 $1,510 note for Chavez Company by the bank. The collection is 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.) Answer is not complete. NO Date Debit Credit General Journal No journal entry required 1 Sept 30 > 2 Sept 30 21 Cash Interesteamed 21 3 Sept Cash 0 Notes receivable Collection expense 4 Sept 30 No journal entry required 625 5 Sep 30 Accounts receivable S. Nilson Cash 625 6 Sept 30 Computer equipment Cash