Required information Problem 8-5A (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 $1,077 and Number 5893 for $486. Check Number 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation. Date September 1 Description Withdrawals Deposits Balance $18,500 September 3 Check #5888 September 4 September 5 September 7 September 12 September 17 September 20 September 21 September 22 September 22 September 25 September 28 September 29 September 30 Check #5902 $ 1,077 $ 787 $ 17,423 $ 16,636 Cash deposit Check #5901 Cash deposit $ 1,178 $ 17,814 $ 1,823 $ 15,991 $ 2,223 $ 18,214 NSF check Check #5905 Cash deposit $ 656 $ 17,558 $ 928 $ 16,630 $ 4,498 $ 21,128 Check #5903 Check #5984 $ 425 $ 20,703 $ 2,140 $ 18,563 Cash deposit Check #5907 $ 2,390 $ 20,953 $277 $ 20,676 Check #5909 $ 1,898 $ 18,778 Collected note $ 1,560 $ 20,338 September 30 Interest earned $ 21 $ 20,359 From Chavez Company's Accounting Records Cash Receipts Deposited Date Cash Debit September 5 1,178 September 12 2,223 September 21 4,498. September 25 2,390 September 30 1,713 12,002 Check Number Cash Payments Cash Credit 5901 1,823 5902 787 5903 425 5984 2,103 5905 928 5906 972 5907 277 5908 389 5909 1,898 9,602 Date Cash Explanation: PR Debit Account Number 101 Credit Balance August 31 Balance 16,937 September 30 Total receipts September 30 Total payments R12 12,002 023 28,939 9,602 19,337 Additional Information (a) Check Number 5904 is correctly drawn for $2,140 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 $2,103. (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 8-5A (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 Journal entry worksheet 4 5 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. Date September 30 General Journal Debit Credit View general journal Record entry Clear entry Maxt