Cash Receipts The cash records and bank statement for the month of May for Copperfield Entertainment are shown below. Cash Cash Balance May 1, 2024 Receipts $5,380 + $11,540 COPPERFIELD ENTERTAINMENT Cash Account Records. May 1, 2024, to May 31, 2024 Cash Disbursements Cash Disbursements Cash Balance May 31, 2024 $11,620 $5,300 Date Description Amount Date Description Memo Amount 5/3 Sales $1,360 5/7 DC Legal fees $1,200 5/10 Sales 1,790 5/12 DC 5/17 Sales 2,420 5/15 DC Property tax Salaries 1,570 3,500 5/24 Sales 2,890 5/22 DC Advertising 1,400 5/31 Sales 3,080 5/30 5/31 CHK number 471 CHK number 472 Supplies Salaries 450 3,500 $11,540 $11,620 P.O. Box 162647 Bowlegs, OK 74830 (405) 369-CASH Account Holder: Beginning Balance May 1, 2024 $6,160 Deposits and Credits Midwest Bank Looking Out For You Copperfield Entertainment 124 Saddle Blvd, Bowlegs, OK 74830 Account Number: Statement Date: Account Summary Deposits and Credits Withdrawals and Debits Number 7 Total $9,530 Number 9 Total $9,290 Member FDIC 7772854360 May 31, 2024 Ending Balance May 31, 2024 $6,400 Account Details Withdrawals and Debits Date Amount Description Daily Balance Date Number Amount Description Date 5/4 Amount $1,360 DEP 5/1 469 $450 CHK 5/11 5/1 1,790 $5,710 DEP 5/2 470 330 CHK 5/2 5/18 2,420 DEP 5,380 5/7 1,200 DC 5/20 1,000 NOTE 5/4 6,740 5/11 300 NSF 5/9 5/20 50 5,540 INT 5/12 1,570 DC 5/11 5/25 2,890 DEP 5/15 7,030 3,500 DC 5/31 5/12 20 INT 5,460 5/20 500 EFT 5/18 4,380 5/22 1,400 DC 5/20 4,930 5/31 40 SF 5/25 6,420 $9,530 $9,290 5/31 $6,400 < Prev 6 of 9 Next > $3,530 3131 30,900 Description DEP Customer deposit INT Interest earned SF Service fees NOTE Note collected CHK Customer check NSF Nonsufficient funds EFT Electronic funds transfer DC Debit card Additional information: a. The difference in the beginning balances in the company's records and the bank statement relates to checks number 469 and number 470, which are outstanding as of April 30, 2024 (prior month). b. The bank made the EFT on May 20 in error. The bank accidentally charged Copperfield for payment that should have been made on another account. Required: 1. Prepare a bank reconciliation for Copperfield's checking account on May 31, 2024. 2. Record the necessary cash adjustments. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a bank reconciliation for Copperfield's checking account on May 31, 2024. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.) COPPERFIELD ENTERTAINMENT Bank Reconciliation Bank's Cash Balance: Per bank statement May 31, 2021 Company's Cash Balance Per general ledger < Prev 6 of 9 Next > 1. Prepare a Dank reconciliation for Copperieia's checking account on may 31, 2024. 2. Record the necessary cash adjustments. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a bank reconciliation for Copperfield's checking account on May 31, 2024. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.) Bank's Cash Balance Per bank statement COPPERFIELD ENTERTAINMENT Bank Reconciliation May 31, 2021 Company's Cash Balance Per general ledger Bank balance per reconciliation Company balance per reconciliation ) account field. Total entries to the same account together when entering in the journal entry carousel.) View transaction list Journal entry worksheet < A B Record the amounts that increase cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal < Required 1 Required 2 > www ber meant to su account field. Total entries to the same account together when entering in the journal entry carousel.) View transaction list Journal entry worksheet < A Record the amounts that decrease cash. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal < Required 1 Required 2 >