Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance Cash Balance Cash Cash May 31, 2021 $5,140 May 1, 2021 $5,300 Disbursements Receipts $11,940 Cash Receipts + $12,100 Cash Disbursements Amount Check# Desc. Date Desc. Amount Date $ 1,280 1,650 3,580 1,480 Legal fees Property tax Salaries Advertising Supplies Salaries 5/3 1,440 1,870 2,500 2,970 3,160 5/7 Sales 471 5/10 5/17 5/12 5/15 Sales 472 Sales 473 5/24 5/31 5/22 Sales 474 530 Sales 5/30 475 3,580 5/31 476 $12,100 $11,940 P.O. Box 162647 Midwest Bank Member FDIC Bowlegs, OK 74830 (405) 369-CASH Looking Out For You Diaz Entertainment 124 Saddle Blvd, Bowlegs, OK 74830 Account Holder: Account Number: I7772854360 Statement Date: May 31, 2021 Account Summary Withdrawals and Debits Beginning Balance May 1, 2021 $6,240 Deposits and Credits Ending Balance May 31, 2021 $6,368 NO. Total Total NO. 7 $10,066 9 $9,938 Account Details Deposits and Credits Withdrawals and Debits Daily Balance Date Amount Desc. Date No. Amount Desc. Date Amount $ 1,440 1,870 2,500 1,200 5/4 5/1 DEP 469 530 CHK 5/1 $5,710 5,300 6,740 5,460 6,950 5,300 4,220 4,898 6,388 5/11 5/18 5/2 DEP 470 410 CHK 5/2 5/9 DEP 471 1,280 CHK 5/4 5/20 5/11 NOTE 380 NSF 5/9 5/20 5/25 58 5/12 5/18 INT 472 1,650 3,580 CHK 5/11 2,970 DEP 473 CHK 5/12 5/18 5/20 5/25 5/31 28 INT 5/20 580 EFT 5/25 5/31 474 1,480 48 CHK SF $10.066 $9.938 SF Service fees DEP Customer deposit INT Interest earned Desc. NSF Nonsufficient funds NOTE Note collected EFT Electronic funds transfer CHK Customer check Additional information: a. The difference in the beginning balances in the company's records and the bank statement relates to checks #469 and #470, which are outstanding as of April 30, 2021 (prior month). b. The bank made the EFT on May 20 in error. The bank accidentally charged Diaz for payment that should have been made on another account. ecord the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the account field. Total entries to the same account together when entering in the journal entry carousel.) iew transaction list Journal entry worksheet K 2 1 Record the amounts that increase cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 View transaction list X Record the amounts that increase cash. 1 Record the amounts that decrease cash. 2 Credit Note: journal entry has been entered
