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 $1,080 and No. 5893 for $480. The following information is available for its September 30, 2017, reconciliation. From the September 30 Bank Statement PREVIOUS BALANCE 20,000 TOTAL CHECKS AND DEBITS 9,885 TOTAL DEPOSITS AND CREDITS CURRENT BALANCE 11,579 21,694 DEPOSITS AND CHECKS AND DEBITS CREDITS Date No. Amount Date Amount 09/03 5888 1,080 09/05 1,116 09/04 5902 778 09/12 2,221 09/07 5901 1,834 09/21 4,269 09/17 624NSF 09/25 2,305 09/20 5905 928 09/30 2OIN 09/22 5903 422 09/30 1,648CM 09/22 5904 2,881 09/28 5907 268 09/29 5909 1,870 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1, 116 12 2,221 A360 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1, 116 12 2,221 21 4,269 25 2,305 30 1,752 11,663 Cash Disbursements Check Cash No. Credit 5901 1,834 5902 778 5903 422 5904 2,042 5905 928 5906 958 5907 268 5908 391 5909 1,870 9,491 PR Debit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts Total 30 disbursements Acct. No. 101 Credit Balance 18,440 30,103 R12 11,663 D23 9,491 20,612 Additional Information Check No. 5904 is correctly drawn for $2,081 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 $2,042. 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 $1,670 note for Chavez Company by the bank. The bank deducted a $22 collection fee. The collection and fee are not yet recorded. Problem 8-5A Part 2 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.) 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 View transaction list Journal entry worksheet 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 entry Clear entry View general journal Required information for a transaction/event, select "No journal entry required" In the first account field.) View transaction list f2 Journal entry worksheet