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ABC Corporation provides the following bank statement and cash account information for May 2023: Bank Statement (May 2023) Description Amount ($) Beginning Balance $20,000 Deposits

ABC Corporation provides the following bank statement and cash account information for May 2023:

Bank Statement (May 2023)

Description

Amount ($)

Beginning Balance

$20,000

Deposits

$25,000

Withdrawals

($15,000)

Bank Service Charges

($50)

Ending Balance

$30,950

Cash Account (May 2023)

Description

Amount ($)

Beginning Balance

$15,000

Deposit in Transit

$10,000

Outstanding Checks

$5,000

Bank Service Charges

($50)

Ending Balance

?

Prepare a bank reconciliation statement for ABC Corporation's cash account as of May 31, 2023, reconciling any differences between the bank statement and the cash account.

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