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 $1,010 and No. 5893 for $493. 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 19,000 TOTAL CHECKS AND DEBITS 9,750 TOTAL DEPOSITS AND CREDITS 11,793 CURRENT BALANCE 21,043 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,010 09/04 5902 723 09/07 5901 1,812 09/17 634 NSF 09/20 5905 948 09/22 5903 397 09/22 5904 2,135 09/28 .5907 09/29 5909 1,850 DEPOSITS AND CREDITS Date Amount 09/0 1,170 09/12 2,285 09/21 4,428 09/25 2,367 09/30 13 IN 09/30 1,530 CM 241 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,170 12 2,285 21 4,428 25 2,367 30 1,676 11,926 Cash Payments Cash Check No. Credit 5901 1,812 5902 723 5903 397 5904 2,091 5905 948 5906 1,001 5907 241 5908 446 5909 1,850 9,509 Aug. 31 Balance Sept. 30 Total receipts 30 Total payments 11,926 R12 D23 17,497 29,423 19,914 9,509 Additional Information (a) Check No. 5904 is correctly drawn for $2,135 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 $2,091. (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 $1,530 note for Chavez Company by the bank. The collection is not yet recorded 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 book balance Adjusted bank balance 2. Prepare 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 Journal entry worksheet Record the entry related to the NSF check, if required. Note: Enter debits before credits. Date General Journal Debit Credit Sept 30 Journal entry worksheet
