Best Bank P.O. Box 123878 City In, WA 98000 Member FDIC Account Holder: Account Number: 5732752387 Kodiak Kurcakes 519 Main Street City In, WA 98000 Statement Date: May 31, 2019 Beginning Balance May 1, 2019 $6,260 Deposits and Credits Total $11,030 Withdraws and Debits Total $10,100 Ending Balance May 31, 2019 $7,190 5/1 5/2 430 5/20 Deposits and Credits Withdraws and Debits Date Amount Desc Date No. Amount 5/4 $1,460 DEP5 / 1 469 $550 5/11 | 2,870 DP 470 5/18 2520 DEP 5/9 471 1,300 1100 DEP 5/11 400 5/20 60 INT5/124721,670 5/25 2990 DEP 5 /18 473 3600 5/31 30 INT 5 /20 600 5/25 474 1500 5/31 50 $11,030 $10,100 Desc CHK CHK CHK NSF CHK CHK EFT CHK Daily Balance Date Amount $5,710 5/2 5,280 5/4 6,740 5/9 5,440 5/11 7,910 5/12 6,240 5/18 5,160 5/20 5,720 5/25 7,210 5/31 $7,190 Desc DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SF Service fees NSF Non-sufficient funds Kodiak Kupcakes General Ledger Check No. Debit Credit 1,460 471 1,300 2,870 Cash Account May 2019 Date Explanation 5/1 Beginning Balance 5/3 Sales revenue 57 Legal fees 5/10 Sales revenue 5/12 Property tax 5/15 Salaries 5/17 Sales revenue 5/22 Utilities Advertising Sales revenue 5/31 Sales revenue Salaries Totals 472 473 1,650 3,600 Balance $5,280 6,740 5,440 8,310 6,660 3,060 5,580 4,080 3,530 6,520 9,700 6,100 2.520 474 475 1,500 5/24 5/24 550 2,990 3,180 5/31 476 3.600 12 200 13.0 20 Additional information: a. The difference in the beginning balances in the company's records and the bank statement relates to the previous month's outstanding checks: 469 $ 550 470 S 430 b. Check #472 is correctly processed by the bank. c. The EFT on May 20 was for office supplies d. The deposit on May 20 was a note receivable collected by the bank for the company Required: 1. From the attached documents prepare a bank reconciliation 2. From the reconciliation prepare the necessary journal entries Kodiak Kupcakes Bank Reconciliation Date: 5/31/2019 Check # Amount Bank's Cash Balance Per bank statement Amount Company's Cash Balance (books) Per general ledger Journal Entries only from the book's side Account Debit Credit