Final answer:
To prepare the September 30 bank reconciliation for Chavez Company, compare the cash records with the bank statement, adjust for discrepancies, and verify the adjusted cash balance.
Step-by-step explanation:
To prepare the September 30 bank reconciliation for Chavez Company, you need to compare the company's cash records with the bank statement and adjust for any discrepancies. Start by listing the company's cash records and the bank statement's ending balance. Then, reconcile any differences by adding or subtracting outstanding deposits, outstanding checks, bank fees, and interest. Finally, verify that the adjusted cash balance matches the bank statement balance at the end of the reconciliation.