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 $1,057 and No 5893 for $504 The following information is available for its September 30, 2017, reconciliation From the September 30 Bank Statement PREVIOUS BALANCE TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS CURRENT BALANCE 20,000 9,938 11,655 21,717 CHECKS AND DEBITS DEPOSITS AND CREDITS Date No Amount Date Amount 09 03 5888 1,057 09 05 1,128 09 04 5902 761 09 12 2,246 09 07 5901 1,861 09 21 4,245 09 17 614 NSF 09 25 2,350 09 20 5905 946 09 30 18 IN 09 22 5903 426 09 30 1,668 CM 09 22 5904 2,140 09 28 5907 250 09 29 5909 1,883 From Chavez Companys Accounting Records Cash Receipts Deposited Date Cash Debit Sept 5 1,128 12 2,246 21 4,245 25 2,350 30 1,699 11,668 Cash Disbursements Check No Cash Credit 5901 1,861 5902 761 5903 426 5904 2,098 5905 946 5906 1,031 5907 250 5908 351 5909 1,883 9,607 Cash Acct No 101 Date Explanation PR Debit Credit Balance Aug 31 Balance 18,439 Sept 30 Total receipts R12 11,668 30,107 30 Total disbursements D23 9,607 20,500 Additional Information Check No 5904 is correctly drawn for $2,140 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 $2,098 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 $1,690 note for Chavez Company by the bank The bank deducted a $22 collection fee The collection and fee are not yet recorded Problem 8 5A Part 1 Required 1 Prepare the September 30, 2017, 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 $1,057 and No. 5893 for $504. The following information is available for its September 30, 2017, reconciliation.

From the September 30 Bank Statement

PREVIOUS BALANCE	TOTAL CHECKS AND DEBITS	TOTAL DEPOSITS AND CREDITS	CURRENT BALANCE
20,000	9,938	11,655	21,717

CHECKS AND DEBITS				DEPOSITS AND CREDITS
Date	No.	Amount		Date	Amount
09/03	5888	1,057		09/05	1,128
09/04	5902	761		09/12	2,246
09/07	5901	1,861		09/21	4,245
09/17		614	NSF	09/25	2,350
09/20	5905	946		09/30	18	IN
09/22	5903	426		09/30	1,668	CM
09/22	5904	2,140
09/28	5907	250
09/29	5909	1,883

From Chavez Companys Accounting Records

Cash Receipts Deposited
Date		Cash Debit
Sept.	5		1,128
	12		2,246
	21		4,245
	25		2,350
	30		1,699
			11,668

Cash Disbursements
Check No.	Cash Credit
5901		1,861
5902		761
5903		426
5904		2,098
5905		946
5906		1,031
5907		250
5908		351
5909		1,883
		9,607

Cash			Acct. No. 101
Date	Explanation	PR	Debit	Credit	Balance
Aug. 31	Balance				18,439
Sept. 30	Total receipts	R12	11,668		30,107
30	Total disbursements	D23		9,607	20,500

Additional Information Check No. 5904 is correctly drawn for $2,140 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 $2,098. 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 $1,690 note for Chavez Company by the bank. The bank deducted a $22 collection fee. The collection and fee are not yet recorded.

Problem 8-5A Part 1

Required: 1. Prepare the September 30, 2017, 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.)