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 $1,066 and No. 5893 for $482. 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 9,852 TOTAL DEPOSITS AND CREDITS 11,810 CURRENT BALANCE 20,958 CHECKS AND DEBITS DEPOSITS AND CREDITS Date No. Amount Date Amount 09/03 5888 1,066 09/05 1,134 09/04 5902 780 09/12 2,287 09/07 5901 1,824 09/21 4,444 09/17 615 NSF 09/25 2,341 09/20 5905 1,000 09/30 14 IN 09/22 5903 09/22 5904 09/28 5907 09/29 5909 417 09/30 1,590 CM 2,056 237 1,857 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,134 12 2,287 21 4,444 25 2,341 30 1,709 11,915, Cash Payments Cash Check No. Credit 5901 1,824 5902 780 5903 417 5904 2,017 5905 1,000 5906 992 5907 237 Cash Date Explanation PR Debit Credit Acct. No. 101 Balance Aug. 31 Balance Sept. 30 Total receipts R12 11,915 17,452 29,367 30 Total payments D23 9,483 19,884 Additional Information (a) Check No. 5904 is correctly drawn for $2,056 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 $2,017 (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. 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 3 4 5 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. Date Sept 30 General Journal No journal entry required Debit Credit > Date Aug. 31 Balance Cash Explanation Acct. No. 101 PR Debit Credit Balance 17,452 Sept. 30 Total receipts R12 11,915 29,367 30 Total payments D23 9,483 19,884 Additional Information (a) Check No. 5904 is correctly drawn for $2,056 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 $2,017 (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. 2. Prepare journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a cransaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 > Record the entry related to interest earned, if required. Note: Enter debits before credits. Date Sept 30 Cash Interest earned General Journal Debit Credit Cash Date Explanation PR Debit Credit Aug. 31 Balance Acct. No. 101 Balance 17,452 Sept. 30 Total receipts R12 11,915 29,367 30 Total payments D23 9,483 19,884 Additional Information (a) Check No. 5904 is correctly drawn for $2,056 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 $2,017. (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. 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 2 3 5 6 Record the entry related to the note receivable and the collection, if required. Note: Enter debits before credits. Date Sept 30 General Journal Debit Credit > Cash Acct. No. 101 Date Explanation PR Debit Credit Balance Aug. 31 Balance 17,452 Sept. 30 Total receipts 30 Total payments R12 D23 11,915 29,367 9,483 19,884 Additional Information (a) Check No. 5904 is correctly drawn for $2,056 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 $2,017. (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. 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 3 4 5 6 Record the entry related to the outstanding checks, if required. Note; Enter debits before credits. Date Sept 30 General Journal General Journal Debit Credit >