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 $1,028.05 and No. 5893 for $494.25. 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 16,800.45 9,620.05 11,272.85 18,453.25 CHECKS AND DEBITS DEPOSITS AND CREDITS Date 09/05 Date No. Amount Amount 09/03 1,028.05 719.90 5888 1,103.75 09/04 09/07 5902 5901 09/12 09/21 2,226.90 4,093.00 2,351.70 12.50IN 1,824.25 600.25NSP 937.00 09/25 09/30 09/30 09/17 09/20 5905 1,485.00CH 09/22 5903 399.10 2,090.00 09/22 5904 213.85 1,807.65 09/28 09/29 5907 5909 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Debit Date Sept. 5 12 1,103.75 2,226.90 4,093.00 2,351.70 1,682.75 21 25 30 11,458.10 Cash Disbursenents Check Cash No. Credit 1,824.25 719.90 5901 5902 5903 5904 399.10 2,060.00 937.00 5905 5906 5907 982.30 213.85 388.00 1,807.65 9.332.05 5908 5909 Cash Acet. No. 101 Balance Date Aug. 31 Balance Sept. 30 Total receipts 30 Total disbursenent Explanation Debit PR Credit 15,278,15 R12 D23 11,458.10 26,736.25 17,404,20 9,332.05 Additional Information Check No. 5904 is correctly drawn for $2,090 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 $1,500 note for Chavez Company by the bank. The bank deducted a $15 collection fee. The collection and fee are not yet recorded. Required: 1. Prepare the September 30, 2017, bank reconciliation for this company. (Round your answers to 2 decimal places.) Answer is not complete. Cash Disbursements Check Cash Credit No. 5901 1,824.25 719.90 399.10 2,060.00 5902 5903 5904 5905 5906 937.00 982.30 213.85 5907 5908 388.00 5909 1,807.65 9,332.05 Cash Acct. No. 101 Explanation Aug. 31 Balance Sept. 30 Total receipts Date PR Debit Credit Balance 15,278.15 26,736.25 17,404.20 R12 11,458.10 30 Total disbursements D23 9,332.05 Additional Information Check No. 5904 is correctly drawn for $2,090 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 $1,500 note for Chavez Company by the bank. The bank deducted a $15 collection fee. The collection and fee are not yet recorded. Required: 1. Prepare the September 30, 2017, bank reconciliation for this company. (Round your answers to 2 decimal places.) Answer is not complete. 1. Prepare the September 30, 2017, bank reconciliation for this company. (Round your answers to 2 decimal places.) Answer is not complete. CHAVEZ COMPANY Bank Reconciliation September 30, 2017 Bank statement balance $ 18.453.25 Book balance $ 17,404.20 Add: Add Proceeds of note less $15 fee Deposit of Sept. 30 $1,682.75 $ 1.485.00 Interest eamed 12.50 1,682.75 1,497.50 20,136.00 18,901.70 Deduct Deduct Check No. 5893 1,864.55 NSF check 600 25 Error (check 5904) 30.00 1.864.55 630.25 Adjusted bank balance Adjusted book balance 18.271.45 18,271.45