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Required information Problem 8-5A Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below.) Chavez Company most

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Required information Problem 8-5A 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 $1,010 and No. 5893 for $517. The following information is available for its September 30, 2017, reconciliation From the September 30 Bank Statement TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS 9,854 11,533 18,679 CURRENT BALANCE PREVIOUS BALANCE 17,000 CHECKS AND DEBITS Date No Amount 09/03 5888 1,010 09/04 5902 782 09/07 5901 1,889 09/17 670NSF 09/20 5905 957 09/22 5903 356 09/22 5984 2,089 09/28 5907 251 09/29 5989 1,850 DEPOSITS AND CREDITS Date Amount 09/05 1,184 09/12 2,262 e9/21 4,137 09/25 2,356 09/30 20IN 09/30 1,574CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,184 12 2,262 21 4,137 25 2,356 30 1,658 11,597 Cash Disbursements Cash Check No. Credit 5901 1,889 5902 782 5903 356 5904 2,052 5905 957 5906 957 5907 251 5908 352 5909 1,850 9,446 PR Debit Credit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total disbursements Acct. No. 101 Balance 15,473 27,070 17,624 R12 D23 11,597 9,446 Additional Information Check No. 5904 is correctly drawn for $2,089 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 $2,052. 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 $1,590 note for Chavez Company by the bank. The bank deducted a $16 collection fee. The collection and fee are not yet recorded Problem 8-5A Part 2 2. Prepare the 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 View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits Date General Journal Sept 30 Debit Credit

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