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 $1,080 and No. 5893 for $508. The following information is available for its September 30 reconciliation. From the September 30 Bank Statement PREVIOUS BALANCE 19,000 TOTAL CHECKS AND DEBITS 9,812 TOTAL DEPOSITS AND CREDITS 11,486 CURRENT BALANCE 20,674 Date CHECKS AND DEBITS No. Amount 09/03 5888 1,080 09/04 5902 733 09/07 5901 1,848 09/17 618 NSP 09/20 5905 937 09/22 5903 09/22 5904 2,070 09/28 5907 220 09/29 5909 1,073 DEPOSITS AND CREDITS Date Amount 09/05 1,130 09/12 2,248 09/21 4, 187 09/25 2,366 09/30 24 IN 09/30 1,531 CM 433 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,130 12 2,248 21 4,187 25 2,366 30 1,743 11,674 PM Cash Disbursements Cash Check No. Credit 5901 1,848 5902 733 5903 433 5904 2,027 5905 937 5906 953 5907 220 5908 435 5909 1,873 9,459 PR Debit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total disbursements Acct. No. 101 Credit Balance 17,412 29,086 9,459 19,627 R12 D23 11,674 Check my wc Additional Information Check No. 5904 is correctly drawn for $2,070 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 $2,027. 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. The credit memorandum (CM) is from the collection of a $1,550 note for Chavez Company by the bank. The bank deducted a $19 collection expense. The collection and expense are not yet recorded. Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank statement balance Add: Bank Reconciliation September 30 Book balance Add: 0 0 0 0 Deduct Deduct: 0 0 0 S Adjusted bank balance $ O 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 fleld.) View transaction list Journal entry worksheet Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. General Journal Debit Credit Date Sept 30 Record entry Clear entry View general journal OD 7