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Business, 01.04.2020 18:53 maariaaa10

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 $1,025 and No. 5893 for $511. The following information is available for its September 30, 2017, reconciliation.

From the September 30 Bank Statement

PREVIOUS BALANCE TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS CURRENT BALANCE
19,500 9,954 11,557 21,103
CHECKS AND DEBITS DEPOSITS AND CREDITS
Date No. Amount Date Amount
09/03 5888 1,025 09/05 1,126
09/04 5902 716 09/12 2,299
09/07 5901 1,891 09/21 4,205
09/17 692NSF 09/25 2,314
09/22 5905 984 09/30 22IN
09/22 5903 449 09/30 1,591CM
09/22 5904 2,092
09/28 5907 216
09/29 5909 1,889
From Chavez Company's Accounting Records

Cas Receipts
Date Deposited
Cash
Debit
Sept. 5 1,126
12 2,299
21 4,205
25 2,314
30 1,744
11,688
Cash Disbursements

Check No. Cash Credit
5901 1,891
5902 716
5903 449
5904 2,048
5905 984
5906 978
5907 216
5908 358
5909 1,889
9,529
Date Cash Explanation PR Debit Credit Acct. No. 101 Balance
Aug. 31 Balance 17,964
Sept. 30 Total receipts R12 11,688 29,652
30 Total disbursements D23 9,529 20,123
Additional Information

Check No. 5904 is correctly drawn for $2,092 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 $2,048. 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 $1,610 note for Chavez Company by the bank. The bank deducted an $19 collection fee. The collection and fee are not yet recorded.

Required

Prepare the journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Round your answers to 2 decimal places.)

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