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 $1,077 and No. 5893 for $512. 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 17,500 TOTAL CHECKS AND DEBITS 10,013 TOTAL DEPOSITS AND CREDITS 11,749 CURRENT BALANCE 19,236 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,077 09/04 5902 755 09/07 5901 1,874 09/17 682 NSF 09/20 5905 992 09/22 5903 426 09/22 5904 2,093 09/28 5907 217 09/29 5909 1,897 DEPOSITS AND CREDITS Date Amount 09/05 1,120 09/12 2,277 09/21 4,389 09/25 2,360 09/30 23 IN 09/30 1,580 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,120 12 2,277 21 4,389 25 2,360 30 1,659 11,805 Cash Payments Cash Check No. Credit 5901 1,874 5902 755 5903 426 5904 2,056 5905 992 5906 981 5907 217 5908 377 5909 1,897 9,575 PR Debit Credit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Balance 15,911 27, 716 18,141 R12 D23 11,805 9,575 Additional Information (a) Check No. 5904 is correctly drawn for $2,093 to pay for computer equipment; however, the recordkeeper misreac the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,056 (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 credit memorandum (CM) is from the collection of a $1,580 note for Chavez Company by the bank. The collection is not yet recorded. Required: 1 of 2 1. Prepare the September 30 bank reconciliation for this company. 5 CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: Bank statement balance Add -Book Terences 0 0 0 0 Deduct Deduct: 0 Adjusted bank balance 0 0 Adjusted book balance $ $ 0 6 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.) art 2 of 2 View transaction list 2 Journal entry worksheet eBook 1 2 3 4 5 6 > Print References Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits Date General Journal Debit Credit Sept 30 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.) Part 2 of 2 View transaction list 1.2 oints Journal entry worksheet eBook Print Record the entry related to interest earned, if required. References Note: Enter debits before credits Date General Journal Debit Credit Sept 30 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 Journal entry worksheet 2 4 5 6 Record the entry related to the note receivable and the collection, if required. 5 Note: Enter debits before credits General Journal Date Sept 30 Debit Credit 2 Dints Journal entry worksheet eBook