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 $1,083 and No. 5893 for $516. 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	TOTAL CHECKS AND DEBITS	TOTAL DEPOSITS AND CREDITS	CURRENT BALANCE
19,500	10,006	11,438	20,932

CHECKS AND DEBITS					DEPOSITS AND CREDITS
Date	No.	Amount			Date	Amount
09/03	5888	1,083			09/05	1,124
09/04	5902	779			09/12	2,284
09/07	5901	1,885			09/21	4,125
09/17		664	NSF		09/25	2,320
09/20	5905	992			09/30	15	IN
09/22	5903	358			09/30	1,570	CM
09/22	5904	2,085
09/28	5907	263
09/29	5909	1,897

From Chavez Companys Accounting Records

Cash Receipts Deposited
Date		Cash Debit
Sept.	5		1,124
	12		2,284
	21		4,125
	25		2,320
	30		1,728
			11,581

Cash Payments
Check No.		Cash Credit
5901			1,885
5902			779
5903			358
5904			2,042
5905			992
5906			996
5907			263
5908			387
5909			1,897
			9,599

Cash			Acct. No. 101
Date	Explanation	PR	Debit	Credit	Balance
Aug. 31	Balance				17,901
Sept. 30	Total receipts	R12	11,581		29,482
30	Total payments	D23		9,599	19,883

Additional Information

1. (a) Check No. 5904 is correctly drawn for $2,085 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 $2,042.
2. (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.
3. (c) The credit memorandum (CM) is from the collection of a $1,570 note for Chavez Company by the bank. The collection is not yet recorded.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.)

Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 20,932 Book balance Add: Bank statement balance $ Add: Deposit of Sept. 30 LLLLLLLLLLLLLLLLLLLLLLLLL 20,932 Deduct: Deduct: Adjusted bank balance $ 20,932Adjusted book balance