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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, Number 5888 for

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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, Number 5888 for $1,045 and Number 5893 for $513. Check Number 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation Date Description Withdrawals Deposits Balance September 1 $ 17,000 September 3 Check #5888 $ 1,045 $ 15,955 September 4 Check #5902 $ 702 $ 15,253 September 5 Cash deposit $ 1,130 $ 16,383 September 7 Check #5901 $ 1,869 $ 14,514 September 12 Cash deposit $ 2,248 $ 16,762 September 17 NSF check $ 636 $ 16, 126 September 20 Check #5905 $ 994 $ 15,132 September 21 Cash deposit $ 4,142 $ 19, 274 September 22 Check #5903 $ 433 $ 18,841 September 22 Check #5904 $ 2,075 $ 16,766 September 25 Cash deposit $ 2,383 $ 19,149 September 28 Check #5907 $ 226 September 29 $ 18,923 Check #5909 $ 1,866 $ 17,057 September 30 Collected note $ 1,550 $ 18,607 September 30 Interest earned $ 22 $ 18,629 From Chavez Company's Accounting Records Cash Receipts Deposited Date Cash Debit September 5 1,130 September 12 2,248 September 21 4,142 September 25 2,383 September 30 1,758 11,661 Cash Payments Check Number Cash Credit 5901 1,869 5902 702 5903 433 5904 2,033 5905 994 5906 1,044 5907 226 5908 422 5999 1,866 9,589 PR Debit Date August 31 September 30 September 30 Cash Explanation Balance Total receipts Total payments Account Number 101 Credit Balance 15,442 27, 103 9,589 17,514 11,661 R12 D23 Additional Information (a) Check Number 5904 is correctly drawn for $2,075 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 $2,033 (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, Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Bank statement balance Add: Add: Deduct: Deduct: Adjusted bank balance Adjusted book balance

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