Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding Number 5888 for $1.076 and Number 5893 for $501. Check Number 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation. Description Withdrawals Deposits $ 1,076 $ 747 $ 1,115 $ 1,822 $ 2,293 Date September 1 September 3 September 4 September 5 September 7 September 12 September 17 September 29 September 21 September 22 September 22 September 25 September 28 September 29 September 30 September 30 $ 687 $ 939 Check #5888 Check #5902 Cash deposit Check #5901 Cash deposit NSF check Check #5985 Cash deposit Check #5903 Check #5984 Cash deposit Check #5987 Check 115909 Collected note Interest earned Balance $ 18,5ee $ 17,424 $ 16,677 $ 17,792 $ 15,970 $ 18,263 $ 17,576 $ 16,637 $ 20,756 $ 20,372 $ 18,283 $ 20,638 $ 20,368 $ 18,469 $ 20,959 $ 20,078 $ 4,119 $ 384 $ 2,889 $ 2,355 $ 270 $ 1,899 $ 1,590 $ 19 From Chavez Company's Accounting Records Cash Receipts Deposited Date Cash Debit September 5 1, 115 September 12 2, 293 September 21 4,119 September 25 2,355 September 30 1,721 11,603 Cash Payments Check Number Cash Credit 5901 1,822 5992 747 5903 384 5994 2,051 5905 939 5996 1,021 5997 270 5908 484 5909 1,899 9,537 PR Debit Date August 31 September 30 September 30 Cash Explanation Balance Total receipts Total payments Account Number 101 Credit Balance 16,923 28, 526 9,537 18,989 R12 D23 11,683 Additional Information (a) Check Number 5904 is correctly drawn for $2,089 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 $2.051. (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 collection of the note on September 30 is not yet recorded by the company. Problem 8-5A (Algo) Part 1 Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Bank statement balance Add: Add: 0 0 0 0 Deduct: Deduct: 0 Adjusted book balance Adjusted bank balance $ S 0 Problem 8-5A (Algo) Part 2 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.) View transaction list X 1 Record the entry related to the September 30 deposit, if required. 2 Record the entry related to interest earned, if required. 3 Record the entry related to the note receivable collected, if required. 4 Record the entry related to the outstanding checks, if required. Credit 5 Record the entry related to the NSF check, if required. 6 Record the entry related to the error on check 5904, if required. Note : journal entry has been entered Record entry Clear entry View general journal