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 $1,092 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 20,000 TOTAL CHECKS AND DEBITS 9,948 TOTAL DEPOSITS AND CREDITS 11,762 CURRENT BALANCE 21,814 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,092 09/04 5902 788 09/07 5901 1,824 09/17 675 NSF 09/20 5905 991 09/22 5903 352 09/22 5904 2,079 09/28 5907 259 09/29 5909 1,888 DEPOSITS AND CREDITS Date Amount 09/05 1,116 09/12 2,243 09/21 4,348 09/25 2,381 09/30 14 IN 09/30 1,660 CM From Chavez Company's Accounting Records From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,116 12 2,243 21 4,348 2,381 30 1,737 11,825 25 Cash Payments Cash Check No. Credit 5901 1,824 5902 788 5903 352 5904 2,039 5905 991 5906 999 5907 259 5908 440 5909 1,888 9,580 PR Debit Credit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Balance 18,413 30, 238 20,658 11,825 R12 D23 9,580 Additional Information (a) Check No. 5904 is correctly drawn for $2,079 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 $2,039. (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 $1,660 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 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