1. Prepare a bank reconciliation for May. 2. Prepare a journal entry. 3. After reconciliation entries posted what balance will be reflected in cash account in ledger. 4. If the company also has $57 on hand, which is recorded in a different account called Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the balance sheet at the end of May?

The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The bank statement for May 1 and the May T-account for cash showed the transactions listed below. Martin Company's bank reconciliation at the end of April showed a cash balance of $19,500. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Withdrawals Deposits Other $ 8,700 s # 301 $11,700 # 302 5,650 10,000 Balance, May 1 May 2 May 5 May 7 May 8 May 14 May 17-Interest Earned May 22-NSF cheque May 29 May 31-Service charges Balance, May 31 # 303 570 Balance $19,500 28,200 16,500 10,850 20,850 20, 280 20,407 20,857 14,757 14,690 14,690 $ 127 350 # 304 5,300 67 + Cash (A) Balance May 1 May 1 May 7 May 29 19,500 8,700 10,000 4,700 11,700 5,650 570 5,300 1,370 May 02 May 04 May 11 May 30 May 29 #301 #302 #303 #304 #305 May 31 Balance 18,310