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 $1.095 and No. 5893 for $503. 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 17,560 TOTAL CHECKS AND DEBITS 10,636 TOTAL DEPOSITS AND CREDITS 11,765 CURRENT BALANCE 19, 229 CHECKS AND DEBITS Date No. Amount 09/03 5888 1, e95 09/04 5902 781 09/07 5901 1,808 09/17 684 NSE 89/20 5905 965 09/22 5903 448 89/22 5904 2,183 09/28 5907 273 09/29 5999 1,879 DEPOSITS AND CREDITS Date Amount 89/e5 1,130 09/12 2,240 09/21 4,433 09/25 2,362 89/30 20 IN 09/30 1,580 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,130 12 2,248 21 4,433 25 2,362 30 1,716 11,881 Cash Payments Cash Check No. Credit 5901 1,888 5982 781 5993 448 5984 2,061 5995 965 5906 958 5997 273 5988 447 5999 1,879 9,620 From Chavez company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,130 12 2, 240 21 4,433 25 2,362 30 1,716 11,881 781 Cash Payments Cash Check No. Credit 5901 1,808 5982 5993 448 5904 2,061 5995 965 5986 958 5987 273 5988 447 5909 1,879 9,620 PR Debit Credit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 181 Balance 15,902 27,783 18,163 11,881 R12 D23 9,620 Additional Information (a) Check No. 5904 is correctly drawn for $2,103 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 $2,061. (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 $1.580 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 0 0 0 Deduct: Deduct: 0 0 O Adjusted book balance Adjusted bank balance S $ 0 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 2 1 Record the entry related to the September 30 deposit if required. Note: Enter debits before credits General Journal Debit Date Sept 30 Credit Record entry Clear entry View general Journal
