problem 8-5A preparing a bank reconciliation and recording adjustments 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 $1,066 and no, 5893 for $484.

Check my O Required information Problem 8-5A 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 reported two checks outstanding, No. 5888 for $1,066 and No. 5893 for $484. 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 TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS CURRENT ALANCE 20,000 9,897 11,807 21,918 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,066 09/04 5982 756 09/07 5901 1,852 09/17 653 NSF 09/28 5905 976 09/22 5903 359 89/22 5984 2,094 @9/28 5987 275 09/29 5909 1,866 DEPOSITS AND CREDITS Date Amount 09/05 1,165 09/12 2,243 09/21 4,495 09/25 2,361 09/30 23 IN 09/30 1,520 CM From Chavez Company's Accounting Records From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,165 12 2,243 21 4,495 25 2,361 30 1,737 12,001 Cash Payments Cash Check No. Credit 5901 1,852 5982 756 5903 359 5904 2,053 5985 976 5906 1,846 5907 275 5988 367 5989 1,866 9,550 PR Debit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Credit Balance 18,450 30,451 9,550 20,901 R12 D23 12,001 Additional Information (a) Check No. 5904 is correctly drawn for $2,094 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 $2,053 (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 $1,520 note for Chavez Company by the bank. The collection is not yet recorded. Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Bank statement balance Add: Deposit of Sept. 30 Add: 0 0 0 0 Deduct: Deduct: 0 0 Adjusted bank balance $ 0 Adjusted book balance $ 0