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 PREVIOUS BALANCE 17,000 TOTAL CHECKS AND DEBITS 9,854 TOTAL DEPOSITS AND CREDITS 11,533 CURRENT BALANCE 18,679 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 5904 2,089 09/28 5907 251 09/29 5909 1,850 DEPOSITS AND CREDITS Date Amount 09/05 1,184 09/12 2,262 09/21 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 Saved Help Subm Save & Exit 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 11,597 R12 D23 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 1 Required: 1. Prepare the September 30, 2017, bank reconciliation for this company 1. Prepare the September 30, 2017, bank reconciliation for this company, CHAVEZ COMPANY Bank Reconciliation September 30, 2017 Book balance Add: Bank statement balance Add: 0 0 0 0 Deduct Deduct 0 Adjusted bank balance 0 O Adjusted book balance $ 0