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 $1,028 and No. 5893 for $494. 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 16,800 TOTAL CHECKS AND DEBITS 9,617 TOTAL DEPOSITS AND CREDITS 11.270 CURRENT BALANCE 18,453 CHECKS AND DEBIRS Date No. Amount 09/03 5888 1,028 09/04 5902719 09/07 5901 1,024 09/17 600 NSP 09/20 5905 937 09/22 5903399 09/22 5904 2,090 09/28 5907 213 09/295909 1,807 DEPOSITS AND CREDITS Date Mount 09/05 1,103 09/12 2,226 09/21 4,093 09/25 2,351 09/30 12 IN 09/30 1.485 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,103 2,226 4,093 2,351 1.682 somework Help 399 Cash Payments Cash Check No. Credit 5901 1.824 5902 5903 5904 2,060 5905 937 5906 5907 213 5908 300 5909 1. 007 9.329 PR Debit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipta 30 Total payments oct. No. 101 Credit Balance 15,278 26,733 ,329 17,404 312 11,455 D23 9 Additional Information (a) Check No. 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 credit memorandum (CM) is from the collection of a $1,485 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 Prev 1 1 12 of 12 Next > Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: Bank statement balance A LLI Adjusted bank balance O Adjusted book balance 2 2 Nox? 2. Prepare journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits Date General Journal Debit Credit Sept 30 Record entry Clear entry View general al
