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 $19,700. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. BANK STATEMENT Deposits Checks Balance, May 1 May 2 $ 8,000 May 5 #301 May 7 #302 $ 11,000 6,400 May B May 14 May 17 10,000 #303 520 May 22 May 27 #304 4,800 May 31 Balance, May 31 Other Balance $ 19,700 27,700 16,700 10,300 20,300 19,780 Interest earned NSF check $140 19,920 300 19,620 14,820 Service charge 70 14,750 14,750 Cash (A) Debit Credit May 1 Balance 19,700 May 1 8,000 11,000 #301 May 2 May 7 10,000 6,400 May 29 #302 May 4 6,400 520 #303 May 11 4,800 #304 May 23 1,500 #305 May 29 May 31 Balance 19,880