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 $1,079 and No 5893 for $508 The following information is available for its September 30, 2015, reconciliation From the September 30 Bank Statement PREVIOUS BALANCE TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS CURRENT BALANCE 19,000 9,883 11,971 21,088 CHECKS AND DEBITS DEPOSITS AND CREDITS DAILY BALANCE Date No Amount Date Amount Date Amount 09 03 5888 1,079 09 05 1,164 08 31 19,000 09 04 5902 768 09 12 2,286 09 03 17,921 09 07 5901 1,858 09 21 4,457 09 04 17,153 09 17 691 NSF 09 25 2,391 09 05 18,317 09 20 5905 921 09 30 24 IN 09 07 16,459 09 22 5903 356 09 30 1,649 CM 09 12 18,745 09 22 5904 2,055 09 17 18,054 09 28 5907 271 09 20 17,133 09 29 5909 1,884 09 21 21,590 09 22 19,179 09 25 21,570 09 28 21,299 09 29 19,415 09 30 21,088 From Chavez Companys Accounting Records Cash Receipts Deposited Date Cash Debit Sept 5 1,164 12 2,286 21 4,457 25 2,391 30 1,689 11,987 Cash Disbursements Check No Cash Credit 5901 1,858 5902 768 5903 356 5904 2,011 5905 921 5906 984 5907 271 5908 450 5909 1,884 9,503 Cash Acct No 101 Date Explanation PR Debit Credit Balance Aug 31 Balance 17,413 Sept 30 Total receipts R12 11,987 29,400 30 Total disbursements D23 9,503 19,897 Additional Information Check No 5904 is correctly drawn for $2,055 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 is from the collection of a $1,670 note for Chavez Company by the bank The bank deducted a $21 collection fee The collection and fee are not yet recorded Required 1 Prepare the September 30, 2015, bank reconciliation for this company 2 Prepare the 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 $1,079 and No. 5893 for $508. The following information is available for its September 30, 2015, reconciliation.

From the September 30 Bank Statement

PREVIOUS BALANCE	TOTAL CHECKS AND DEBITS	TOTAL DEPOSITS AND CREDITS	CURRENT BALANCE
19,000	9,883	11,971	21,088

CHECKS AND DEBITS			DEPOSITS AND CREDITS		DAILY BALANCE
Date	No.	Amount	Date	Amount	Date	Amount
09/03	5888	1,079	09/05	1,164	08/31	19,000
09/04	5902	768	09/12	2,286	09/03	17,921
09/07	5901	1,858	09/21	4,457	09/04	17,153
09/17		691 NSF	09/25	2,391	09/05	18,317
09/20	5905	921	09/30	24 IN	09/07	16,459
09/22	5903	356	09/30	1,649 CM	09/12	18,745
09/22	5904	2,055			09/17	18,054
09/28	5907	271			09/20	17,133
09/29	5909	1,884			09/21	21,590
					09/22	19,179
					09/25	21,570
					09/28	21,299
					09/29	19,415
					09/30	21,088

From Chavez Companys Accounting Records

Cash Receipts Deposited
Date	Cash Debit
Sept. 5		1,164
12		2,286
21		4,457
25		2,391
30		1,689

		11,987

Cash Disbursements
Check No.	Cash Credit
5901		1,858
5902		768
5903		356
5904		2,011
5905		921
5906		984
5907		271
5908		450
5909		1,884

		9,503

Cash			Acct. No. 101
Date	Explanation	PR	Debit	Credit	Balance
Aug. 31	Balance				17,413
Sept. 30	Total receipts	R12	11,987		29,400
30	Total disbursements	D23		9,503	19,897

Additional Information

Check No. 5904 is correctly drawn for $2,055 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 is from the collection of a $1,670 note for Chavez Company by the bank. The bank deducted a $21 collection fee. The collection and fee are not yet recorded.

Required:

Prepare the September 30, 2015, bank reconciliation for this company.

2.	Prepare the 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.)