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 $1,090 and No. 5893 for $497. Check No. 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation. From the September 30 Bank Statement PREVIOUS BALANCE 20,500 TOTAL CHECKS AND DEBITS 9,855 TOTAL DEPOSITS AND CREDITS 11,901 CURRENT BALANCE 22,546 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,090 09/04 5902 719 09/07 5901 1,812 09/17 648 NSF 09/20 5905 948 09/22 5903 09/22 5904 2,136 09/28 5907 257 09/295909 1,893 DEPOSITS AND CREDITS Date Amount 09/05 1,177 09/12 2,297 09/21 4,365 09/25 2,396 09/30 16 IN 09/30 1,650 CM 352 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,177 2,297 4,365 2,396 1,737 11,972 352 Cash Payments Cash Check No. Credit 5901 1,812 5902 719 5903 5904 2,092 5905 948 5906 5907 257 5908 352 5909 1,893 9,389 964 PR Debit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Credit Balance 18,913 30,885 9,389 21,496 R12 11,972 D23 Additional Information (a) Check No. 5904 is correctly drawn for $2,136 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 $2,092. (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 credit memorandum (CM) is from the collection of a $1,650 note for Chavez Company by the bank. The collection is not yet recorded. Problem 6-5A Part 2 2. Prepare journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. General Journal Debit Credit Date Sept 30 Record entry Clear entry View general journal