Required information [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 $1,013 and No. 5893 for $501. Check No. 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation From the September 30 Bank Statement PREVIOUS BALANCE 16,500 TOTAL CHECKS AND DEBITS 9,759 TOTAL DEPOSITS AND CREDITS 11,833 CURRENT BALANCE 18,574 CHECKS AND DEDITS Date No. Amount 09/03 5888 1,013 09/04 5902 709 09/07 5901 1,851 09/17 60W BET 09/20 5905 970 09/22 5903 413 09/22 5904 2,084 09/28 5907 256 09/29 5909 1.861 DEPOSITS AND CREDITS Date Amount 09/05 1, 163 09/12 2,273 09/21 4,409 09/25 2,308 09/30 20 IN 09/30 1,660 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,163 12 2,273 21 4,409 25 2,308 30 1,711 11,864 Cash Payments Cash Check No. Credit 5901 1,851 5902 709 5903 413 5904 2,039 5905 970 5906 966 5907 256 5908 381 5909 1,861 9,446 PR Debit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Credit Balance 14,986 26,850 9,446 17,404 R12 D23 11,864 Additional Information (a) Check No.5904 is correctly drawn for $2,084 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 $2,039. (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 credit memorandum (CM) is from the collection of a $1,660 note for Chavez Company by the bank. The collection is not yet recorded. Required: 1. Prepare the September 30 bank reconciliation for this company. Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: Bank statement balance Add: Deduct: Deduct: Adjusted bank balance Adjusted book balance