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 $1096 and No. 5893 for $483. The following information is available for its September 30 reconciliation. From the September 30 Bank Statement PREVIOUS BALANCE 19,000 TOTAL CHECKS AND DEBITS 9,896 TOTAL DEPOSITS AND CREDITS 11,731 CURRENT BALANCE 20,835 No. CHECKS AND DEBITS Date Amount 09/03 5888 1,096 09/04 5902 709 09/07 5901 1,889 09/17 635 NSP 09/20 5905 959 09/22 5903 387 09/22 5904 2,114 09/28 5907 237 09/29 5909 1,870 DEPOSITS AND CREDITS Date Amount 09/05 1,145 09/12 2,243 09/21 4,336 09/25 2,399 09/30 24 IN 09/30 1,584 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,145 12 2,243 21 4,336 25 2,399 30 1,703 11,826 Saved Help Cash Disbursements Cash Check No. Credit 5901 1,889 5902 709 5903 387 5904 2,071 5905 959 5906 1,013 5907 237 5908 403 5909 1,870 9,538 35 PR Debit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total disbursements Acct. No. 101 Credit Balance 17,421 29,247 9,538 19,709 11,826 R12 D23 Additional Information Check No. 5904 is correctly drawn for $2,114 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 $2,071. 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 (CM) is from the collection of a $1,600 note for Chavez Company by the bank. The bank deducted a $16 collection expense. The collection and expense are not yet recorded. 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 View transaction list Journal entry worksheet