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ole Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding. No. 5888

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ole 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 $1,028.05 and No. 5893 for $494.25. The following information is available for its September 30, 2015, reconciliation. des From the September 30 Bank Statement CHECKS DENTS DEPOSITS AND CREDITS DAILY BALANCE No. Amount 09/03 5888 1,028.05 0/04 5902 719.90 0/07 5901 1,824.25 09/05 Amount 2,226.90 4,093.00 09/252,351.70 1,103.75 08/31 16,800.45 15,772.40 5.062.50 16,156.25 14,332.00 16,558.90 15,968.65 15,021.65 19,114.65 16,825.55 18 977 25 18,763.40 16.965.75 18.453.25 824 25 092 600.25 N 09/20 5905 937.00 09/22 5003 399.10 09/22 5904 2,090.00 09r28 5907 213.85 09/29 5909 1,807.65 2.50 IN09/07 485.00 CM 0/12 09/21 09/28 From Chavez Company's Accounting Records Cash Receipts Cash Disbursements Cash Date No. Sep 5 1,003.75 226.90 093 00 351.20 5901 1 82425 719.90 2060 00 3700 82 30 213.85 388.00 1458 10 ,332 05 Cash Acct. No. 10 Date Explanation PR Debit Credit Balance Aug Balance Sepe. 0 Total receipes 5,278.15 26.736.25 332 05 17,404 20 R12 11,45810 Total dsbursvemenes 021 Additional Information Check No. 5904 is correctly drawn for $2,090 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 $2.060. The NSF check shown in the statement was originly 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 $1,500 note for Chavez Company by the bank. The bank deducted a $15 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 (in dollars and cents) to adjust the book balance of cash to the reconciled balance

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