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 $1,091 and No. 5893 for $480. 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 19,500 9,889 TOTAL DEPOSITS AND CREDITS 11,816 CURRENT BALANCE 21, 427 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,091 09/04 5902 725 09/07 5901 1,889 09/17 636 NSF 09/20 5905 933 09/22 5903 363 09/22 5904 2,095 09/28 5907 258 09/29 5909 1,899 DEPOSITS AND CREDITS Date Amount 09/05 1, 159 09/12 2,294 09/21 4, 341 09/25 2, 358 09/30 14 IN 09/30 1,650 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash 2 09/29 5909 1,899 From Chavez Company's Accounting Records Part 1 of 2 10 points Cash Receipts Deposited Cash Date Debit Sept. 5 1, 159 12 2, 294 21 4,341 25 2,358 30 1,732 11,884 eBook Ask Print References Cash Payments Cash Check No. Credit 5901 1,889 5902 725 5903 363 5904 2,056 5905 933 5906 972 5907 258 5908 422 5909 1,899 9,517 Cash Date Explanation Aug 31 Balance PR Debit Credit Acct. No. 101 Balance 17,929 5984 5905 5906 5907 5908 5909 2,856 933 972 258 422 1,899 9,517 PR Debit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Credit Balance 17,929 29,813 9,517 20, 296 R12 D23 11,884 Additional Information (a) 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 $2,056. (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 $1,650 note for Chavez Company by the bank. The collection is not yet recorded. quired: Prepare the September 30 bank reconciliation for this company CHAVEZ COMPANY 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