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 $1.034 and Number 5893 for $498. Check Number 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation Date Description Withdrawals Deposits Balance September 1 $ 16,500 September 3 Check #5888 $ 1,034 $ 15,466 September 4 Check #5992 $ 792 $ 14,674 September 5 Cash deposit $ 1,125 $ 15,799 September 7 Check #5901 $ 1,883 $ 13,916 September 12 Cash deposit $ 2,234 $ 16,150 September 17 NSF check $ 686 $ 15,464 September 20 Check #5905 $ 984 $ 14,480 September 21 Cash deposit $ 4,305 $ 18,785. September 22 Check #5903 $ 395 $ 18, 396 September 22 Check #5904 $ 2,105 $ 16,285 September 25 Cash deposit $ 2,347 $ 18,632 September 28 Check $5907 $ 274 $ 18, 358 September 29 Check #5909 $ 1,856 $ 16,502 September 30 Collected note $ 1,590 $ 18,092 September 30 Interest earned $ 19 $ 18,111 From Chavez Company's Accounting Records Cash Receipts Deposited Date Cash Debit September 5 1,125 September 12 2,234 September 21 4,305 September 25 2,347 September 30 1,676 11,687 Cash Payments Check Number Cash Credit 5901 1,883 5902 792 CAN 11,687 Cash Payments Check Number Cash Credit 5901 1,883 5902 792 5903 395 5904 2,062 5905 984 5906 1,027 5907 274 5908 381 5909 1,856 9,654 PR Debit Cash Date Explanation August 31 Balance September 30 Total receipts September 30 Total payments Account Number 101 Credit Balance 14,968 26,655 9,654 17,001 11,687 R12 023 Additional Information (a) Check Number 5904 is correctly drawn for $2,105 to pay for computer equipment, however, the recordkeeper mistead the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cosh of $2,062 (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 CHAVEZ COMPANY Bank Reconciliation September 30 Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: Bank statement balance Add Deduct: Deduct Adjusted bank balance Adjusted book balance Prev 1 2 of 2 Next > 2. Prepare journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required fo transaction/event, select "No journal entry required" in the first account field.) View transaction list EX 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. Credit 4 Record the entry related to the outstanding checks, if required. 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