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 $1,061 and No. 5893 for $495. 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 9,943 TOTAL DEPOSITS AND CREDITS 11,831 CURRENT BALANCE 19,888 CHECKS AND DEDITS Date No, Amount 09/03 5888 1,061 09/04 5902 789 09/07 5901 1,869 09/17 595 NSE 09/20 5905 905 09/22 5903 385 09/22 5904 2/137 09/28 5907 241 09729 5909 1.861 DEPOSITS AND CREDITS Date Amount 09/05 1,139 09/12 2,270 09/21 4,426 09/25 2,346 09/30 20 IN 09730 1,630 CM From Chavez Company's Accounting Records Cash Receipt Deposited Canh Date Delle Sept. 113 12 2270 21 426 25 234 30 11.95% Prov 2 of 8 !!! Next > MacBook An Cash Payments Cash Check No: Credit 5901 1,869 5902 789 5903 385 5904 2,095 5905 905 5906 970 5907 241 5908 354 5909 1,861 9.469 PR Debit Cash Date Explanation Aug 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Credit Balance 16,444 28,401 9,469 18,932 R12 11,957 023 Additional Information (a) Check No. 5904 is correctly drawn for $2,137 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 $2,095. (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 $1,630 note for Chavez Company by the bank. The collection is not yet recorded