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, Number 5888 for $1,036 and Number 5893 for $481. Check Number 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation. Date September 1 Description Withdrawals Deposits Balance $ 18,500 September 3 Check #5888 September 4 September 5 September 7 September 12 September 17 September 20 September 21 September 22 September 22 September 25 September 28 September 29 September 30 Check #5902 $ 1,036 $ 707 $ 17,464 $ 16,757 Cash deposit Check #5901 Cash deposit NSF check Check #5905 Cash deposit Check #5903 Check #5904 Cash deposit Check # 5907 $ 1,109 $ 17,866 $ 1,872 $ 15,994 $ 2,255 $ 18,249 $ 608 $ 17,641 $ 904 $ 16,737 $ 4,290 $ 21,027 $ 394 $ 20,633 $ 2,057 $ 18,576 $ 2,364 $ 20,940 $ 229 $ 20,711 Check #5909 $ 1,866 $ 18,845 Collected note $ 1,550 $ 20,395 September 30 Interest earned $ 14 $ 20,409 From Chavez Company's Accounting Records Cash Receipts Deposited Date Cash Debit September 5 1,109 September 12 2,255 September 21 4,290 September 25 2,364 September 30 1,688 11,706 Cash Payments Check Number Cash Credit 5901 1,872 5902 707 5903 394 5904 2,019 5905 904 5906 1,027 5907 5908 229 396 5909 1,866 9,414 Required information Cash Account Number 101 Date August 31 Explanation PR Debit Credit Balance Balance 16,983 September 30 September 30 Total receipts Total payments R12 11,706 28,689 D23 9,414 19,275 Additional Information (a) Check Number 5904 is correctly drawn for $2,057 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 $2,019. (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 collection of the note on September 30 is not yet recorded by the company. Required: 1. Prepare the September 30 bank reconciliation for this company. Bank statement balance Add: CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: Deduct: Adjusted bank balance 0 0 Deduct: 0 0 0 0 0 Adjusted book balance 0 ! Required information (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 collection of the note on September 30 is not yet recorded by the company. 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 1 Record the entry related to the September 30 deposit, if required. 2 Record the entry related to interest earned, if required. 3 Record the entry related to the note receivable collected, if required. 4 Record the entry related to the outstanding checks, if required. it Credit 5 Record the entry related to the NSF check, if required. 6 Record the entry related to the error on check 5904, if required. Note : = journal entry has been entered Record entry Clear entry View general journal >