Help Save & E Sub Check my world 53 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 Balance, May 1 Deposits Other Balance $18,800 May 2 $ 8,eee 26,800 May 5 # 301 $11,000 15,800 May 7 # 302 6.000 9,800 May 8 10.ee 19,880 May 14 303 19,300 May 17-Interest Earned $120 19,42e May 22-NSF cheque 280 19,140 May 29 384 4,600 14,540 May 31-Service charges 60 14,480 Balance, May 31 14,480 500 es + Cash (A) - Balance May 1 May 1 May 7 May 29 18,888 8, eee 10, eee 4, eee 11, eee 6.000 see May 02 2381 May 04 0382 May 11 33 May Withdrawals Deposits Other $ 8,000 # 301 $11,000 # 302 6,000 1 , 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 # 303 see Balance $18,800 26,800 15,800 9,800 19,800 19,300 19,420 19,140 14,540 14,480 14,480 $120 280 # 304 4,600 60 + Cash (A) Balance May 1 May 1 May 7 May 29 18,800 8,eee 1e, eee 4,000 11, 6,000 500 4,600 1,300 May 02 May 04 May 11 May 29 May 29 #301 #302 #303 #384 #305 May 31 Balance 17,400 Save & Exit Sul Check my wor 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.) View transaction list Journal entry worksheet A B > Record the interest earned on May 17. Note: Enter debit before credits Debit Credit General Journal Date May 17 Prev 1 of 4 !!! Next > 2. Prepare any journal entries required as a result of the bank reconciliation. (If "No journal entry required" in the first account field.) View transaction list X: A Record the interest earned on May 17. I - B Record the entry for NSF cheque noted on May 22. c Record the bank service charges incurred on May 31. Credit 3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? Cash balance 4. If the company also has $50 on hand, which is recorded in a different account called Cash on Hand, what total amount at Can and Cash Equivalents should be reported on the balance sheet at the end of May? Cash and Cash Equivalents
