Question $2$: Bank reconciliation and adjusting journal entries Question $2$: Bank reconciliation and adjusting journal entries

a$)$ Prepare the Sept. $30$ bank reconciliation for Chavez Company $(20$ pts$.)$

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 $$1,028$ and No$.5893$ for $$494.$ Check No$.5893$ was still outstanding as of September $30.$ The following information is available for its September $30$ reconciliation.

$\backslash$table$[[$Date$,$Description,Withdrawals,Deposits,Balance$],[$Sep$.1,,,,$$$16,800],[$Sep$.3,$Check #$5888,$$$1,028,,$$$15,772],[$Sep$.4,$Check #$5902,$$$719,,$$$15,053],[$Sep$.5,$Cash deposit,,$$1,103,$$$16,156],[$Sep$.7,$Check #$5901,$$$1,824,,$$$14,332],[$Sep$.12,$Cash deposit,,$$2,226,$$$16,558],[$Sep$.17,$NSF check,$$600,,$$$15,958],[$Sep$.20,$Check #$5905,$$$937,,$$$15,021],[$Sep$.21,$Cash deposit,,$$4,093,$$$19,114],[$Sep$.22,$Check #$5903,$$$399,,$$$18,715],[$Sep$.22,$Check #$5904,$$$2,090,,$$$16,625],[$Sep$.25,$Cash deposit,,$$2,351,$$$18,976],[$Sep$.28,$Check #$5907,$$$213,,$$$18,763],[$Sep$.29,$Check #$5909,$$$1,807,,$$$16,956],[$Sep$.30,$Collected note,,$$1,485,$$$18,441],[$Sep$.30,$Interest earned,,$$12,$$$18,453]]$ Additional Information $($a$)$ Check No$,$ $$904$ is correctly drawn for $$2,090$ to poy for computer equipement: however, the recordkeeper

mlsread the amount and entered it in the accounting records with a debit to Compater Equipesent and a credit to Cash of $$2\mathrm{.}060.($b$)$

The NSF shesk shown in the statement was originally received from a customer, S$.$ Nilson, in payment of her asoount. Its return has not

yet bees recorded by the comparg: $($c$)$ The collection of the note on September $30$ is not yet recorded by the company:

Bank Statement

Cash Ledger

b$)$ Prepare journal entries to adjust the book balance of cash to the reconciled

balance $(15$ pts$.)$