Required information Problem 6-5A 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 $1,034 and No. 5893 for $496. 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 19,500 TOTAL CHECKS AND DEBITS 9,919 TOTAL DEPOSITS AND CREDITS 11, 316 CURRENT BALANCE 20,897 OECKS AND DESTES DEPOSITS AND CREDITS Amount 1.034 No. 5888 5902 5901 768 Date 09/03 09/04 09/07 09/17 09/20 09/22 09/22 09/28 09/29 DEPOSITS AND CREDITS Date Amount 09/05 09/12 09/21 09/25 09/30 09/30 1.839 626 NSF 999 5905 5903 5904 5907 5909 2.10 245 1.800 From Chavez company's Accounting Records Cash Receipts Deposited Cash Debit Sept. 5 2.221 4,034 25 2.367 1.679 Cash Payments Check No. 5901 5902 5903 5904 5905 5906 5907 5908 5909 Credit 1,839 768 410 2,067 999 245 423 1.590 9,671 PR Debit Credit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Balance 17,970 29,403 R12 023 11,433 9.671 Additional Information (a) Check No. 5904 is correctly drawn for $2,108 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 $2,067. (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 $1.540 note for Chavez Company by the bank. The collection is not yet recorded. Problem 6-5A Part 2 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