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 $1,028 and Number 5893 for $494. Check Number 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation. Date September 1 September 3 September 4 September 5 September 7. September 12 September 17 September 20 September 21 September 22 September 22 September 25 September 28 September 29 Description Check #5888 Withdrawals Deposits Balance $ 16,800 Check #5902 $ 1,028 $ 719 $ 15,772 $ 15,053 Cash deposit Check #5901 $ 1,103 $ 16,156 $ 1,824 $14,332 Cash deposit $ 2,226 $ 16,558 NSF check $ 600 $ 15,958 Check #5905 Cash deposit Check #5903 Check #5904 Cash deposit Check #5907 $ 937 $ 4,093 $ 15,021 $19,114 $ 399 $2,090 $ 10,715 $ 16,625 $ 2,351 $ 18,976 $213 Check #5909 $1,007 September 30 Collected note $1,485 $12 $18,763 $ 16,956 5 18,441 $ 18,453 September 30 Interest earned From Chavez Company's Accounting Records Cash Receipts Deposited Date September 5 Cash Debit 1,103 Cantanhar 17 From Chavez Company's Accounting Records Cash Receipts Deposited Date Cash Debit September 5 1,103 September 12 2,226 September 21 4,093 September 25 2,351 September 30 1,682 11,455 Cash Payments Check Number Cash Credit 5901 1,824 5902 719 5903 399 5904 2,060 aces 5905 937 5906 982 5907 213 5908 388. 5909 1,807 9,329 Cash Date Explanation. PR Debit Account Number 101 Credit Balance August 31 Balance: 15,278 September 30 September 30 Total receipts Total payments R12 D23 11,455 26,733 9,329 17,404 Additional Information (a) Check Number 5904 is correctly drawn for $2,090 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 Date August 31 Cash Explanation Balance Account Number 101 PR Debit Credit Balance 15,278 September 30 Total receipts R12 11,455 26,733 September 30. Total payments D23 9,329 17,404 Additional Information (a) Check Number 5904 is correctly drawn for $2,090 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 $2,060. (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: Cash Account Number 101 Date: August 31 Explanation PR Debit Credit Balance Balance 15,278 September 30 Total receipts R12 11,455 26,733 September 30 Total payments D23 9,329 17,404 Additional Information (a) Check Number 5904 is correctly drawn for $2,090 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 $2,060. (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 Journal entry worksheet