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 $1,072 and No. 5893 for $508. 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 18,000 TOTAL CHECKS AND DEBITS 9,842 TOTAL DEPOSITS AND CREDITS 11,774 CURRENT BALANCE 19,932 CHECKS AND DEBITS Date No. Amount 09/e3 5888 1,072 09/04 5902 703 09/07 5901 1,869 09/17 619 NSF 09/20 5905 982 09/22 5903 377 09/22 5904 2,124 09/28 5987 233 29/29 5909 1,863 DEPOSITS AND CREDITS Date Amount 09/05 1,145 09/12 2,297 09/21 4,402 09/25 2,331 09/30 19 IN 09/30 1,580 CM From Chavez Company's Accounting Records Cash Receipts Deposited Debit Cash Date Sept. 5 12 21 25 30 1,145 2,297 4,402 2,331 1210 11,585 Cash Payments Cash Check No. Credit 5901 1,869 5902 703 5903 377 5904 2,084 5905 982 5906 997 5907 233 5908 415 5989 1,863 9,523 PR Debit Credit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Balance 16,420 28,305 18,782 R12 D23 11,885 9,523 Additional Information (a) Check No. 5904 is correctly drawn for $2,124 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 $2,084. (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 $1,580 note for Chavez Company by the bank. The collection is not yet recorded 1. Prepare the September 30 bank reconciliation for this company Bank statement balance Add CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add Interest earned Deposit of Sept. 30 Note proceeds 0 0 Deduct Check No 5893 Check No. 5906 Check No. 5908 Deduct NSF check Error (check 5904) 997 415 Adjusted bank balance $ 1,412 (1.412) Adjusted book balance $