Problem 6-5A Preparing a bank reconciliation and recording adjustments LO P3 [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 reporte two checks outstanding, No. 5888 for $1,058 and No. 5893 for $493. The following information is available for its September 30 reconciliation. From the September 30 Bank Statement PREVIOUS BALANCE 19,500 TOTAL CHECKS AND DEBITS 10,010 TOTAL DEPOSITS AND CREDITS 11,609 CURRENT BALANCE 21,099 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,058 09/04 5902 784 09/07 5901 1,892 09/17 670 NSF 09/20 5905 977 09/22 5903 430 09/22 5904 2,097 09/28 5907 237 09/29 5909 1,865 DEPOSITS AND CREDITS Date Amount 09/05 1,164 09/12 2,300 09/21 4,076 09/25 2,381 09/30 18 IN 09/30 1,670 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,164 12 2,300 4,076 2,381 30 1,654 11,575 Cash Disbursements Cash Check No. Credit 5901 1,892 5902 784 5903 430 5904 2,055 5905 977 5906 982 5907 237 5908 417 5909 1,865 9,639 Debit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total disbursements Acct. No. 101 Credit Balance 17,949 29,524 9,639 19,885 R12 11,575 D23 Additional Information Check No. 5904 is correctly drawn for $2,097 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 $2,055. 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 (CM) is from the collection of a $1.690 note for Chavez Company by the bank. The bank deducted a $20 collection expense. The collection and expense are not yet recorded. 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 3 4 5 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. Date General Journal Debit Credit Sept 30