Required information [The following information applies to the questions displayed below.] Part 1 of 2 1.11 points 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 $1,037 and No. 5893 for $497. Check No. 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation. Skipped From the September 30 Bank Statement eBook PREVIOUS BALANCE 17,000 TOTAL CHECKS AND DEBITS 9,867 TOTAL DEPOSITS AND CREDITS 11,768 CURRENT BALANCE 18,901 Print References DEPOSITS AND CHECKS AND DEBITS CREDITS Date No. Amount Date Amount 09/03 5888 1,037 09/05 1,106 09/04 5902 798 09/12 2,254 09/07 5901 1,832 09/21 4,416 09/17 626 NSF 09/25 2,386 09/20 5905 951 09/30 16 IN 09/22 5903 439 09/30 1,590 CM 09/22 5904 2,066 09/28 5907 232 09/29 59091,886 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,106 12 2,254 4,416 2,386 30 1,756 11,918 Cash Payments Check Cash No. Credit 5901 1,832 5902 798 5903 439 5904 2,022 5905 951 5906 1,012 5907 232 5908 353 5909 1,886 9,525 Cash Date Explanation PR Debit Acct. No. 101 Credit Balance 15,466 Aug. Balance 31 Sept. Total receipts 30 Total payments 11,918 30 R12 D23 27,384 17,859 9,525 Additional Information (a) Check No. 5904 is correctly drawn for $2,066 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 $2,022. (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 $1,590 note for Chavez Company by the bank. The collection is not yet recorded. Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: Bank statement balance Add: 0 Deduct: Deduct: Adjusted bank balance $ 0 Adjusted book 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 1 3 4 5 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. Date General Journal Debit Credit Sept 30 Record entry Clear entry View general journal