reconciliation and recording entries LO P$3$Skip to question$[$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, Number $5888$ for $$1,028$ and Number $5893$ for $$494.$ Check Number $5893$ was still outstanding as of September $30.$ The following information is available for its September $30$ reconciliation.DateDescriptionWithdrawalsDepositsBalanceSeptember $1$ $ $16,800$September $3$Check #$5888$$ $1,028$ $ $15,772$September $4$Check #$5902$$ $719$ $ $15,053$September $5$Cash deposit $ $1,103$$ $16,156$September $7$Check #$5901$$ $1,824$ $ $14,332$September $12$Cash deposit $ $2,226$$ $16,558$September $17$NSF check$ $600$ $ $15,958$September $20$Check #$5905$$ $937$ $ $15,021$September $21$Cash deposit $ $4,093$$ $19,114$September $22$Check #$5903$$ $399$ $ $18,715$September $22$Check #$5904$$ $2,090$ $ $16,625$September $25$Cash deposit $ $2,351$$ $18,976$September $28$Check #$5907$$ $213$ $ $18,763$September $29$Check #$5909$$ $1,807$ $ $16,956$September $30$Collected note $ $1,485$$ $18,441$September $30$Interest earned $ $12$$ $18,453$From Chavez Companys Accounting RecordsCash Receipts DepositedDateCash DebitSeptember $51,103$September $122,226$September $214,093$September $252,351$September $301,68211,455$Cash PaymentsCheck NumberCash Credit$59011,8245902719590339959042,060590593759069825907213590838859091,8079,329$CashAccount Number $101$DateExplanationPRDebitCreditBalanceAugust $31$Balance $15,278$September $30$Total receiptsR$1211,45526,733$September $30$Total paymentsD$239,32917,404$Additional Information$($a$)$ Check Number $5904$ 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.($b$)$ 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 collection of the note on September $30$ is not yet recorded by the company.Problem $8-5$A $($Static$)$ Part $1$Required:$1.$ Prepare the September $30$ bank reconciliation for this company.