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 $1,094 and No. 5893 for $511. 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
17,000	9,840	11,590	18,750

CHECKS AND DEBITS					DEPOSITS AND CREDITS
Date	No.	Amount			Date	Amount
09/03	5888	1,094			09/05	1,113
09/04	5902	705			09/12	2,237
09/07	5901	1,856			09/21	4,262
09/17		678	NSF		09/25	2,358
09/20	5905	938			09/30	14	IN
09/22	5903	366			09/30	1,606	CM
09/22	5904	2,098
09/28	5907	253
09/29	5909	1,852

From Chavez Companys Accounting Records

Cash Receipts Deposited
Date		Cash Debit
Sept.	5		1,113
	12		2,237
	21		4,262
	25		2,358
	30		1,689
			11,659

Cash Disbursements
Check No.		Cash Credit
5901			1,856
5902			705
5903			366
5904			2,060
5905			938
5906			986
5907			253
5908			391
5909			1,852
			9,407

Cash			Acct. No. 101
Date	Explanation	PR	Debit	Credit	Balance
Aug. 31	Balance				15,395
Sept. 30	Total receipts	R12	11,659		27,054
30	Total disbursements	D23		9,407	17,647

Additional Information Check No. 5904 is correctly drawn for $2,098 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 $2,060. 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 $1,630 note for Chavez Company by the bank. The bank deducted a $24 collection fee. The collection and fee are not yet recorded.

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.)

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 $1,094 and No. 5893 for $511. 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 17,000 9,840 11,590 18,750 CHECKS AND DEBITS DEPOSITS AND CREDITS Date 09/05 09/12 09/21 No. Amount Date 09/03 5888 09/04 5902 09/07 5901 Amount 1,094 705 1,856 1,113 2,237 4,262 2,358 678NSF 09/25 09/30 09/30 938 366 2,098 253 1,852 14IN 09/20 5905 09/22 5903 09/22 5904 09/28 5907 09/29 5909 1,606CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 12 21 25 30 1,113 2,237 4,262 2,358 1,689 11,659 Check No. 5901 5902 5903 5904 5905 5906 5907 5908 5909 Cash Disbursements Cash Credit 1,856 705 366 2,060 938 986 253 391 1.852 9,407