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 $1,027 and No. 5893 for $502. 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 16,500 TOTAL CHECKS AND DEBITS 9,944 TOTAL DEPOSITS AND CREDITS 11,624 CURRENT BALANCE 18,180 762 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,027 09/04 5902 09/07 5901 1,818 09/17 687 NSF 09/20 5905 994 09/22 5903 412 09/22 5904 2,124 09/28 5907 237 09/29 5909 1,883 DEPOSITS AND CREDITS Date unt 09/05 1,138 09/12 2,262 09/21 4,326 09/25 2,357 09/30 21 IN 09/30 1,520 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,138 12 2,262 21 4,326 25 2,357 30 1,755 11,838 762 Cash Payments Cash Check No. Credit 5901 1,818 5902 5903 412 5904 2,086 5905 994 5906 974 5907 237 5908 5909 1.883 9,587 421 PR Debit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Credit Balance 14,971 26,909 9,587 17,222 R12 D23 11,838 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 $2,086. (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 $1,520 note for Chavez Company by the bank. The collection is not yet recorded. Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: Bank statement balance Add: Deduct: Deduct: Adjusted bank balance Adjusted book balance 2. Prepare 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.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. Date General Journal Debit Credit Sept 30 Record entry Clear entry View general journal 1 2 3 4 5 6 Record the entry related to interest earned, if required. Note: Enter debits before credits. Date General Journal Debit Credit Sept 30 Record the entry related to the NSF check, if required. Note: Enter debits before credits Date General Journal Debit Credit Sept 30