Problem 8-5A Preparing a bank reconciliation and recording adjustments LO P3

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 $1,096 and No. 5893 for $489. The following information is available for its September 30, 2017, reconciliation.

From the September 30 Bank Statement

PREVIOUS BALANCE	TOTAL CHECKS AND DEBITS	TOTAL DEPOSITS AND CREDITS	CURRENT BALANCE
18,500	9,892	11,524	20,132

CHECKS AND DEBITS					DEPOSITS AND CREDITS
Date	No.	Amount			Date	Amount
09/03	5888	1,096			09/05	1,115
09/04	5902	753			09/12	2,286
09/07	5901	1,888			09/21	4,047
09/17		606	NSF		09/25	2,385
09/20	5905	972			09/30	15	IN
09/22	5903	368			09/30	1,676	CM
09/22	5904	2,083
09/28	5907	268
09/29	5909	1,858

From Chavez Companys Accounting Records

Cash Receipts Deposited
Date		Cash Debit
Sept.	5		1,115
	12		2,286
	21		4,047
	25		2,385
	30		1,736
			11,569

Cash Disbursements
Check No.		Cash Credit
5901			1,888
5902			753
5903			368
5904			2,041
5905			972
5906			984
5907			268
5908			414
5909			1,858
			9,546

Cash			Acct. No. 101
Date	Explanation	PR	Debit	Credit	Balance
Aug. 31	Balance				16,915
Sept. 30	Total receipts	R12	11,569		28,484
30	Total disbursements	D23		9,546	18,938

Additional Information Check No. 5904 is correctly drawn for $2,083 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 $2,041. 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 is from the collection of a $1,700 note for Chavez Company by the bank. The bank deducted a $24 collection fee. The collection and fee are not yet recorded.Problem 8-5A Part 1

Required: 1. Prepare the September 30, 2017, bank reconciliation for this company.