cises and Problems (10 pts.) Saved Required Information [The following information applies to the questions displayed below] 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 $1,099 and No. 5893 for $492. 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 18,500 TOTAL CHECKS AND DEBITS 9,910 TOTAL DEPOSITS AND CREDITS 11,689 CURRENT BALANCE 20,279 CHECKS AND DEBITS DEPOSITS AND CREDITS Date No. Amount Date Amount 09/03 5888 1,099 09/05 1,108 09/04 5902 796 09/12 2,228 09/07 5901 1,836 09/21 4,272 09/17 623 NSF 09/25 2,368 09/20 5905 923 09/30 13 IN 09/22 5903 382 09/30 1,700 CM 09/22 5984 2,115 09/28 09/29 5909 5907 273 1,863 From Chavez Company's Accounting Records Company's Cash Receipts Deposited Cash Date Debit Sept. 5 1,108 12 2,228 21 4,272 25 2,368 30 1,713 11,689 Cash Payments Cash Check No. Credit 5901 1,836 5982 796 5903 382 5904 2,071 5905 923 5906 974 5907 273 5908 416 5909 1,863 9,534 Cash Date Explanation PR Debit Credit Aug. 31 Balance Acct. No. 101 Balance 16,909 Sept. 30 Total receipts R12 11,689 28,598 30 Total payments 023 9,534 19,064 Additional Information (a) Check No. 5904 is correctly drawn for $2,115 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 $2,071 (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 $1,700 note for Chavez Company by the bank. The collection is not yet recorded Required: 1. Prepare the September 30 bank reconciliation for this company. Bank statement balance, Add CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add Deduct 0 0 Deduct 0 0 0 Adjusted bank balance S 0 Adjusted book balance 0 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 1 2 3 5 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. Date Sept 30 General Journal Debit Credit: Record entry Clear entry View general journal > 1 Record the entry related to the September 30 deposit, if 2 required. Record the entry related to interest earned, if required. 3 4 5 Record the entry related to the note receivable and the collection, if required. Record the entry related to the outstanding checks, if required. Credit Record the entry related to the NSF check, if required. 6 Record the entry related to the error on check 5904, if required