NL Required information PA5-2 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4, LO 5-5) [The following information applies to the questions displayed below) The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized) are below. Martin Company's bank reconciliation at the end of April showed a cash balance of $20,600. No deposits were in transit at the end of Apoll , but a deposit was in transit at the end of May. BANC STATEMENT Deposits Checks Other 518,000 301 #302 $ 11,eee 6,800 10,000 Balance, May 1 May 2 May 5 May May May 30 May 17 May 22 May 27 May 31 Balance, May 31 Balance $ 20,600 28.600 17,600 10,00 20.800 20,260 20,420 20, 100 15100 15,020 15,020 303 540 Interest earned NSF check 5. 160 330 3301 5.000 Service charge Be Return to question 3 50 my May 14 May 17 May 22 May 22 May 31 Balance, May 33 Interest earned NSF check $ 160 320 5.000 20,260 20,420 20, 100 15 100 15,020 15,020 Service charge be Cash (A) Debit Balance Credit May 1 Hay 1 May 10, 6, 5. 301 May 3 May 30 May 11 04 May 23 May 20 10 Balance 2. PA5-2 (Algo) Part 4 4. If the company also has $70 of petty cash on hand, which is recorded in a different account called Petty Cash on Hand, wat total amount of Cash and Cash Equivalents should be reported on the balance sheet at the end of May? PA5-2 (Algo) Part 4 4. If the company also has $70 of petty cash on hand, which is recorded in a different account called Petty Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the balance sheet at the end of May? Answer is complete but not entirely correct. Total Amount of Cash and Cash Equivalent 25.040