3 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 reconcilation at the end of April showed a cash balance of $19,200. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Withdrawals Deposits balance 20 points May 5 Balance, May 1 May 2 $19,200 $ 0,400 27.600 May 7 301 $11,400 302 5,800 16,200 10,400 May 10,000 20,400 May 14 303 540 19,060 May 17-Interest Earned 124 19,584 May 22-NST cheque 320 19,664 May 30 304 5,000 14,664 May 31-Service charges 64 14,600 Balance, May 31 14.600 +Cash (A)- May 1 Balance 19,200 May 1 8,400 11,400 May 7 10,000 5,000 May 29 4,400 540 5,000 1,340 May 31 17,920 Required: 1. Prepare a bank reconciliation for May Bank Statement Ending balance per bank statement Additions Deductions MARTIN COMPANY May 02 #301 May 04 #302 May 11 #303 May 30 #304 May 29 #305 Bank Reconciliation At May 31 Company's Books Ending balance per Cash account Additions Deductions Up-to-date cash balance Uo-to-date cash balance 3 20 points Required: 1. Prepare a bank reconciliation for May. Bank Statement Ending balance per bank statement Additions MARTIN COMPANY Bark Reconcillation At May 21 Company's Books Ending balance per Cash account Additions Deductions 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.) View action Journal entry worksheet A B C Record the interest earned on May 17. 3 20 points 2. Prepare any journal entries required as a result of the bank reconciliation. Of no entry is required for a transaction/event, select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet A B C Record the interest earned on May 17. Note: Enter debits before credits Date May 17 General Journal Debit Credit View general journal Record entry Clear entry 3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? Cash balance 3 20 points 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.) View transaction list Journal entry worksheet < B Record the entry for NSF cheque noted on May 22. Note: Enter debits before credits. Date May 22 General Journal Debit Credit View general journal Record entry Clear entry 3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? Cash balance 20 3 points 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.) 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 Credit View general journal Clear entry Record entry 3. After the reconcillation journal entries are posted, what balance will be reflected in the Cash account in the ledger? Cash balance