PA5-2 Preparing a Bank Reconciliation and Journal Entries, and Reporting Cash (LO4, LO5) 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 $19,800. No deposits were in transit at the end of April, but a deposit was in transit at the end of May, Withdrawals Deposits Balance Balance, May 1 $19,800 May 2 $ 9,000 28,800 May 5 # 301 $12,000 16,800 May 7 # 302 5,500 11,300 May 8 10,000 21,300 May 14 # 303 600 20,700 May 17-Interest arned 130 20,830 May 22-NSF cheque 380 20,450 May 30 # 304 5,600 14,850 May 31-Service charges 70 14,780 Balance, May 31 14,788 + Cash (A) Balance May 1 May 1 May 7 May 29 19,800 9,000 10,000 5,000 12,000 5,500 600 5,600 1,400 May 02 #301 May 64 #302 May 11 #303 May 30 #304 May 29 #305 May 31 Balance 18,700 Required: 1. Prepare a bank reconciliation for May. MARTIN COMPANY Bank Reconciliation At May 31 Company's Books Ending balance per Cash account Additions: Bank Statement Ending balance per bank statement Additions: Deductions: Deductions: Up-to-date cash balance Up-to-date cash balance 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