Cash Balance May 31, 2021 $5,120 Cash Balance Cash May 1, 2021 + Receipts $5,290 $11,990 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Disbursements $12,160 Cash Disbursements Amount Date Check# Desc. $ 1,450 5/7 471 Legal fees 1,880 5/12 472 Property tax 2,510 5/15 473 Salaries 2,980 5/22 474 Advertising 3,170 5/30 475 Supplies 5/31 476 Salaries $11,990 Amount $ 1,290 1,660 3,590 1,490 540 3,590 $12,160 Member FDIC 7772854360 May 31, 2021 Ending Balance May 31, 2021 $6,139 P.0. Box 162647 Midwest Bank Bowlegs, OK 74830 Looking Out For You (405) 369-CASH Account Holder: Diaz Entertainment Account Number: 124 Saddle Blvd, Bowlegs, OK 74830 Statement Date: Account Summary Beginning Balance Deposits and Credits Withdrawals and Debits May 1, 2021 NO. Total NO. Total $6,250 7 $9,908 9 $10,019 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 5/4 $ 1,450 DEP 5/1 469 $ 540 CHK 5/11 1,880 DEP 5/2 470 420 CHK 5/18 2,510 DEP 5/9 471 1,290 CHK 5/20 1,000 NOTE 5/11 390 NSF 5/20 59 INT 5/12 472 1,660 CHK 5/25 2,980 DEP 5/18 473 3,590 CHK 5/31 29 INT 5/20 590 EFT 5/25 474 1,490 CHK 5/31 49 SF $ 9,908 $10,019 Daily Balance Date Amount 5/1 $5,710 5/2 5,299 5/4 6,740 5/9 5,450 5/11 6,940 5/12 5,280 5/18 4,200 5/20 4,669 5/25 6,159 5/31 $6,139 #10 P4-3A(3) Saved Help 1 Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned SF Service fees CHK Customer check NSF Nonsufficient funds 3 soints 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. el Print Required: 1. Prepare a bank reconciliation for Diaz's checking account on May 31, 2021. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.) References DIAZ ENTERTAINMENT Bank Reconciliation May 31, 2021 Company's Cash Balance Per general ledger Bank's Cash Balance Per bank statement Bank balance per reconciliation Company balance per reconciliation