Required information Problem 6-5A (Algo) Preparing a bank reconciliation and recording entries 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, Number 5888 for $1,050 and Number 5893 for $507. Check Number 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation. Date September 1 September 3 September 4 September 5 September 7 September 12 September 17 September 20 September 21 September 22 September 22 Withdrawals Deposits Balance $ 17,000 $ 15,950 $ 1,050 $ 744 $ 15,206 Description Check #5888 Check #5902 Cash deposit Check #5901 Cash deposit NSF check Check #5905 Cash deposit $ 1,122 $ 16,328 $ 1,803 $ 14,525 $ 2,248 $ 16,773 $ 683 $ 16,090 $ 972 $ 15,118 $ 4,008 $ 19,126 Check #5903 $ 434 $ 18,692 September 25 September 28 September 29 Check #5904 Cash deposit Check #5907 $ 2,100 $ 16,592 $ 2,337 $ 18,929 $ 238 $ 18,691 Check #5909 $ 1,893 $ 16,798 September 30 Collected note $ 1,670 $ 13 $ 18,468 $ 18,481 September 30 Interest earned From Chavez Company's Accounting Records Cash Receipts Deposited Date Cash Debit September 5 1,122 September 12 2,248 September 21 4,008 September 25 2,337 September 30 1,760 11,475 Cash Payments Check Number Cash Credit 5901 1,803 5902 744 5903 434 5904 2,061 5905 972 5906 1,021 5907 238 5908 412 5909 1,893 9,578 Cash Date Explanation PR Debit Account Number 101 Credit Balance August 31 Balance 15,443 September 30 September 30 Total receipts R12 11,475 26,918 Total payments D23 9,578 17,340 Additional Information (a) Check Number 5904 is correctly drawn for $2,100 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 $2.061. (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 6-5A (Algo) Part 2 2. Prepare journal entries to adjust the book balance of cash to the reconciled balance. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list 1 Record the entry related to the September 30 deposit, if required. 2 Record the entry related to interest earned, if required. 3 Record the entry related to the note receivable collected, if required. 4 Record the entry related to the outstanding checks, if required. 5 Record the entry related to the NSF check, if required. 6 Record the entry related to the error on check 5904, if required. journal entry has been entered Note: ( Record entry Clear entry Credit View general journal