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 $1,075 and No. 5893 for $480. The following information is available for its September 30, 2017, reconciliation.

From the September 30 Bank Statement

PREVIOUS BALANCE	TOTAL CHECKS AND DEBITS	TOTAL DEPOSITS AND CREDITS	CURRENT BALANCE
18,000	9,879	11,530	19,651

CHECKS AND DEBITS					DEPOSITS AND CREDITS
Date	No.	Amount			Date	Amount
09/03	5888	1,075			09/05	1,135
09/04	5902	798			09/12	2,245
09/07	5901	1,840			09/21	4,212
09/17		610	NSF		09/25	2,302
09/20	5905	910			09/30	12	IN
09/22	5903	413			09/30	1,624	CM
09/22	5904	2,095
09/28	5907	251
09/29	5909	1,887

From Chavez Companys Accounting Records

Cash Receipts Deposited
Date		Cash Debit
Sept.	5		1,135
	12		2,245
	21		4,212
	25		2,302
	30		1,695
			11,589

Cash Disbursements
Check No.		Cash Credit
5901			1,840
5902			798
5903			413
5904			2,058
5905			910
5906			953
5907			251
5908			408
5909			1,887
			9,518

Cash			Acct. No. 101
Date	Explanation	PR	Debit	Credit	Balance
Aug. 31	Balance				16,445
Sept. 30	Total receipts	R12	11,589		28,034
30	Total disbursements	D23		9,518	18,516

Additional Information Check No. 5904 is correctly drawn for $2,095 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 $2,058. 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 is from the collection of a $1,640 note for Chavez Company by the bank. The bank deducted a $16 collection fee. The collection and fee are not yet recorded.

Required: 1. Prepare the September 30, 2017, bank reconciliation for this company.

2. Prepare the 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.)

CHAVEZ COMPANY Bank Reconciliation September 30, 2017 Bank statement balance Book balance Add Add: Deduct Deduct Adjusted bank balance Adjusted book balance