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 $1,022 and No. 5893 for $515. The following information is available for its September 30, 2013, reconciliation. From the September 30 Bank Statement
PREVIOUS BALANCE TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS CURRENT BALANCE
20,000 9,712 11,746 22,034
CHECKS AND DEBITS DEPOSITS AND CREDITS DAILY BALANCE
Date No. Amount Date Amount Date Amount
09/03 5888 1,022 09/05 1,186 08/31 20,000
09/04 5902 782 09/12 2,266 09/03 18,978
09/07 5901 1,838 09/21 4,341 09/04 18,196
09/17 619 NSF 09/25 2,335 09/05 19,382
09/20 5905 909 09/30 16 IN 09/07 17,544
09/22 5903 381 09/30 1,602 CM0 9/12 19,810
09/22 5904 2,070 09/17 19,191
09/28 5907 235 09/20 18,282
09/29 5909 1,856 09/21 22,623
09/22 20,172
09/25 22,507
09/28 22,272
09/29 20,416
09/30 22,034
From Chavez Company's Accounting Records
Cash Receipts Deposited
Date Cash Debit
Sept. 5 1,186
12 2,266
21 4,341
25 2,335
30 1,668
11,796
Cash Disbursements
Check No. Cash Credit
5901 1,838
5902 782
5903 381
5904 2,029
5905 909
5906 976
5907 235
5908 359
5909 1,856
9,365
Cash Acct. No. 101
Date Explanation PR Debit Credit Balance
Aug. 31 Balance 18,463
Sept. 30 Total receipts R12 11,796 30,259
30 Total disbursements D23 9,365 20,894
Additional Information Check No. 5904 is correctly drawn for $2,070 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 $2,029. 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 $1,620 note for Chavez Company by the bank. The bank deducted an $18 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.)