Requlred Informetlon Problem 8-5A Preparing a bank reconciliation and recording adjustments LO P3 [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 $1,039 and No. 5893 for $483. The following information is available for its September 30, 2017, reconciliation. From the September 30 Bank Statement PREVIOUS BALANCE TOTAL CHECKS AND DEBIT TOTAL DEPOSITS AND CREDIT CURRENT BALANCE 9,921 19,8e0 11,886 28,885 CHECKS AND DEBITS DEPOSITS AND CREDITS Date No Date 09/83 5888 89/84 5982 89/87 5981 1,839 730 1,854 637NSF 9/25 972 489 89/85 89/12 89/21 1,171 2,228 4,427 2, 31e 15IN 89/28 5985 9/22 5983 9/22 5984 89/28 597 89/29 5989 89/38 e9/38 1,655CM 2,182 288 1,898 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Debit Sept. 5 1,171 2,228 4,427 2, 31e 1,663 21 25 30 11,799 Cash Disbursements Cash Credit 5961 1,854 730 489 5902 5963 5984 2,864 972 5905 5906 954 5907 288 5988 414 5909 Cash Acct. No. 181 Date Explanation Aug. 31 Balance Sept. 3e Total receipts PR Credit 17,478 29,277 19,782 R12 D23 11,799 30 Total disbursements 9,575 Addltlonal Informatlon Check No. 5904 is correctly drawn for $2,102 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 $2,064. 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 $1,680 note for Chavez Company by the bank. The bank deducted a $25 collection fee. The collection and fee are not yet recorded. Problem 8-5A Part 1 Requlred: 1. Prepare the September 30, 2017, bank reconciliation for this company. CHAVEZ COMPANY Bank r 30, 2017 Bank statement balance Book balance Add: Deduct Deduct Adjusted bank balance 0 Adjusted book balance