Date Cash Balance May 1, 2024 Cash Receipts $5,338 + $11,790 Cash Receipts HOUDINI ENTERTAINMENT Cash Account Records May 1, 2024, to May 31, 2024 Description Amount Date Cash Disbursements Cash Disbursements Memo Cash Balance May 31, 2024 $5,200 Amount $11,920 Description 5/3 Sales $1,410 5/7 DC Legal fees $1,250 5/10 Sales 1,840 5/12 DC 5/17 Sales 2,470 5/15 DC Property tax Salaries 1,620 3,550 5/24 Sales 2,940 5/22 DC Advertising 1,450 5/31 Sales 3,130 5/30 5/31 CHK number 471 CHK number 472. Supplies Salaries 500 $11,790 3,550 $11,920 P.O. Box 162647 Bowlegs, OK 74830 (405) 369-CASH Account Holder: Midwest Bank Looking Out For You Houdini Entertainment 124 Saddle Blvd, Bowlegs, OK 74830 Account Number: Statement Date: Account Summary Beginning Balance May 1, 2024 $6,210 Deposits and Credits Withdrawals and Debits Number 7 Total $9,940 Number 9 Total $9,695 Member FDIC 7772854360 May 31, 2024 Ending Balance May 31, 2024 $6,455 Account Details Deposits and Credits Withdrawals and Debits. Daily Balance Date Amount Description Date Number Amount Description Date Amount 5/4 $1,410 DEP 5/1 469 $500 CHK 5/1 $5,710 5/11 1,840 DEP 5/2 470 380 CHK 5/2 5,330 5/18 2,470 DEP 5/7 1,250 DC 5/4 6,740 5/20 1,200 NOTE 5/11 350 NSF 5/9 5,490 5/20 55 INT 5/12 1,620 DC 5/11 6,980 5/25 2,940 DEP 5/15 3,550 DC 5/12 5,360 5/31 25 INT 5/20 550 EFT 5/18 4,280 5/22 1,450 DC 5/20 4,985 5/31 45 SF 5/25 6,475 $9,940 $9,695 5/31 $6,455 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 Houdini for payment that should have been made on another account. plete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a bank reconciliation for Houdini'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.) HOUDINI ENTERTAINMENT Bank Reconciliation May 31, 2021 Bank's Cash Balance Company's Cash Balance- Per bank statement $ 6,445 Per general ledger $ 5,200 Checks outstanding (880) Bank error 550 Bank balance per reconciliation S 6,115 Company balance per reconciliation Required 1 Required 2 > A Record the amounts that increase cash. B Record the amounts that decrease cash. Note: =journal entry has been entered Record entry Clear entry Credit View general journal < Required 1 Required 2