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 $1,068 and No. 5893 for $500. 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 17,500 9,543 11,334 18,991 Date CHECKS AND DEBITS No 09/03 SEBB 1,06 09/04 5002 09/07 5903 1.367 09/12 602 NISI 09/20 5905 09/22 5903 420 09/22 9 2,079 0973 50 210 09/29 5909 1,079 DEPOSITS AND CREDITS Date Amount 09/05 1,163 09/12 2,225 09/21 4,020 09/25 2.325 09/30 21 IN 09/30 1,500 CH From Chavex Company's Accounting Records Cash Receipts Deposited Can Date Debit Sept. 1.163 12 21 4,020 25 2,325 30 1,255 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,163 12 2,225 21 4,020 25 2,325 30 1,755 11,488 Cash Payments Cash Check No. Credit 5901 1,867 5902 779 5903 424 5904 2,037 5905 927 5906 1,010 5907 218 5908 359 5909 1,879 9,500 PR Cash Date Explanation Aug 31 Balance Sept. 30 Total receipts 30 Total payments Debit Credit Acct. No. 101 Balance 15,932 27,420 17,920 R12 11,488 D23 9,500 Additional Information (a) Check No. 5904 is correctly drawn for $2,079 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 $2,037 (b) The NSF check shown in the statement was originally teceived 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 $1580 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 0 0 0 Deduct Check No 5888 0 Deduct 0 Adjustod bank balance $ 0 Adjusted book balance 0