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 $1,085 and Number 5893 for $489. Check Number 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation. Description Withdrawals Deposits $ 1,085 $ 799 $ 1,111 $ 1,887 $ 2,246 Date September 1 September 3 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 September 30 $ 679 $ 971 Check #5888 Check #5902 Cash deposit Check #5901 Cash deposit NSF check Check #5905 Cash deposit Check #5903 Check #5904 Cash deposit Check #5907 Check #5909 Collected note Interest earned Balance $ 19,000 $ 17,915 $ 17,116 $ 18,227 $ 16,340 $ 18,586 $ 17,907 $ 16,936 $ 21, 268 $ 20,872 $ 18, 740 $ 21,044 $ 20,790 $ 18,923 $ 20,513 $ 20,530 $ 4,332 $ 396 $ 2,132 $ 2,304 $ 254 $ 1,867 $ 1,590 $ 17 From Chavez Company's Accounting Records From Chavez Company's Accounting Records Cash Receipts Deposited Date Cash Debit September 5 1,111 September 12 2,246 September 21 4,332 September 25 2,304 September 30 1,696 11,689 Cash Payments Check Number Cash Credit 5901 1,887 5902 799 5903 396 5904 2,094 5905 971 5906 1,009 5907 5908 403 5909 1,867 9,680 254 PR Debit Date August 31 September 30 September 30 Cash Explanation Balance Total receipts Total payments Account Number 101 Credit Balance 17,426 29,115 9,680 19,435 11,689 R12 D23 Additional Information Additional Information (a) Check Number 5904 is correctly drawn for $2,132 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 $2,094. (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. Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Bank statement balance Add Add: Deduct Deduct Adjusted bank balance Adjusted book balance Journal entry worksheet 2 3 4 5 6 Record the entry related to the September 30 deposit, if required! Note: Enter debits before credits. Date General Journal Debit Credit TUTTI September 30 Record entry Clear entry Molon Journal entry worksheet 1 2 3 4 5 6 > Record the entry related to interest earned, if required. Note: Enter debits before credits. Date General Journal Debit Credit September 30 Record entry Clear entry View general journal Journal entry worksheet