es The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The bank statement for May 1 and the May T-account for cash showed the transactions listed below. Martin Company's bank reconciliation at the end of April showed a cash balance of $18,800. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Withdrawals Deposits Other $ 8,000 Balance, May 1 May 2 May 5 May 7 May 8 May 14 May 17-Interest Earned May 22-NSF cheque May 29 May 31-Service charges Balance, May 31 May 1 May 1 May 7 May 29 May 31 Balance Balance # 301 $11,000 # 302 6,000 # 303 # 304 + Cash (A) 18,800 8,000 10,000 4,000. 17,400 500 4,600 11,000 6,000 500 4,600 1,300 10,000 $120 280 60 May 02 May 04 May 11 May 29 May 29 Balance $18,800 26,800 15,800 9,800 19,800 19,300 19,420 19,140 14,540 14,480 14,480 #301 #302 #303 #304 #305

2. Prepare any journal entries required as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the interest earned on May 17. 3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? If the company also has $50 on hand, which is recorded in a different account called Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the balance sheet at the end of May? The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The bank statement for May 1 and the May T-account for cash showed the transactions listed below. Martin Company's bank reconciliation at the end of April showed a cash balance of $18,800. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Required: 1. Prepare a bank reconciliation for May