Required information Problem 6-5A 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 $1,045 and No. 5893 for $513. The following information is available for its September 30, 2017, reconciliation From the September 30 Bank Statement PREVIOUS BALANCE 18,000 TOTAL CHECKS AND DEBITS 10,023 TOTAL DEPOSITS AND CREDITS 11,765 CURRENT BALANCE 19,742 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,845 89/84 5982 793 09/07 5981 1,900 09/17 688NSE 09/20 5985 954 89/22 5983 388 89/22 5904 2,120 09/28 5987 241 09/29 5909 1,894 DEPOSITS AND CREDITS Date Amount 09/05 1,160 09/12 2,243 89/21 4,348 89/25 2,378 09/30 20IN 89/30 1,616CM Chu oman's Accounting Records From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,160 2,243 4,348 2,378 1,737 11,866 Cash Disbursements Cash Check No. Credit 5901 1,900 59e2 793 5903 388 5984 2,080 5905 954 5906 961 5907 241 5908 398 5909 1,894 9,609 Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total disbursements nei Balanc 161 442 9.689 Additional Information PR Debit Credit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total disbursements Acct. No. 101 Balance 16,442 28,308 18,699 R12 D23 11,866 9,609 Additional Information Check No. 5904 is correctly drawn for $2.120 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 $2,080. 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 $1,640 note for Chavez Company by the bank. The bank deducted a $24 collection fee. The collection and fee are not yet recorded. Problem 6-5A Part 1 Required: 1. Prepare the September 30, 2017, bank reconciliation for this company CHAVEZ COMPANY Bank Reconciliation September 30, 2017 Rok halana Required: 1. Prepare the September 30, 2017, bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30, 2017 Book balance Add: Bank statement balance Add: Dec Deduct Adjusted bank balance Adjusted book balance