1 wints i eBook 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 $17,800. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Balance, May 1 May 2 May 5 May 7 May 8 May 14 References May May 17-Interest Earned May 22-NSF cheque 29 May 31-Service charges: Balance, May 31 Withdrawals Deposits Other Balance $17,800 57,000 24,800 #301 $10,000 #302 6,500 14,800 8,300 10,000 #303 400 $110 18,010 180 17,838 #384 3,600 14,230 50 14,180 14,1801 18,300 17,900 +Cash (A)- May 1 Balance 17,800 May 1 7,000 10,000 May 7 10,000 6,500 May 02 #301 May 04 #302 May 29 3,000 400 May 11 #303 3,600 1,200 May 30 #384 May 29 #385 May 31 Balance 16,100 Required: 1. Prepare a bank reconciliation for May MARTIN COMPANY 1,200 May 29 #305 May 31 Balance 16,100 10 points Required: 1. Prepare a bank reconciliation for May. eBook References Bank Statement Ending balance per bank statement Additions: Deductions: MARTIN COMPANY Bank Reconciliation: At May 31 Company's Books Ending balance per Cash account Additions: Deductions: Up-to-date cash balance Up-to-date cash balance 2. Prepare any journal entries required as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) (Part B) Assignment 2. Prepare any journal entries required as a result of the bank reconcilia "No journal entry required" in the first account field.) View transaction list Journal entry worksheet B C Record the interest earned on May 17. Note: Enter debits before credits Date May 17 General Journal Debit View Clear entry Record entry < @ # Prev 1 of 2 2. Prepare any journal entries required as a result of the bank reconciliation. D "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < A C Record the entry for NSF cheque noted on May 22. Note: Enter debits before credits. Date May 22 General Journal Debit Cred Record entry Clear entry View gene 0 Prepare any journal entries required as a result of the bank reconcilia o journal entry required" in the first account field.) View transaction list Journal entry worksheet < A B Record the bank service charges incurred on May 31. Note: Enter debits before credits. Date May 31 General Journal Debit View s Record entry Clear entry a #3 72 94 4 eBook References 3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? Cash balance Mc Graw Hill 4. If the company also has $40 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? Cash and Cash Equivalents Prev 1 of 2 Next >