Required information Problem 8-5A Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed belowj 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 $1,003 and No. 5893 for $489. The following information is available for its September 30, 2017, reconciliation From the September 30 Bank Statement PREVIOUS BALANCE TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS CURRENT BALANCE 18,500 9,789 11,739 20,450 CHECKS AND DEBITS DEPOSITS AND CREDITS Date 09/03 5888 09/04 5902 09/07 5901 Amount Date 09/05 09/12 09/21 688NSF 09/25 09/30 09/30 No Amount 1,003 739 1,850 1,128 2,240 4,466 2,301 09/20 5905 09/22 5903 09/22 5904 09/28 5907 9/29 5909 959 352 2,090 239 1,869 22IN 1,582CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Debit 1,128 2,240 4,466 2,301 1,776 11,911 Date Sept. 5 12 21 25 30 Check No. 5901 5902 5903 5904 5905 5906 5907 5908 5909 Cash Disbursements Cash Credit 1,850 739 352 2,045 959 1,004 239 405 1,869 9,462 Cash Acct. No. 101 Balance Date Explanation PR Debit Credit Aug. 31 Balance 17,008 28,919 19,457 Sept. 30 Total receipts R12 D23 11,911 30 Total disbursements 9,462 Additional Information Check No. 5904 is correctly drawn for $2,090 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 $2,045. 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 $1,600 note for Chavez Company by the bank. The bank deducted a $18 collection fee. The collection and fee are not yet recorded