PA5-2 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). Martin Company's bank reconciliation at the end of April showed a cash balance of $21,000. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. BANK STATEMENT Checks Deposits Other $ 8.000 301 $11,000 2302 7,000 10,000 Balance, May 1 May 2 May 5 May 7 May 8 May 14 May 17 May 22 May 22 May 31 Balance, May 31 -303 550 Balance $ 21,000 29,000 18,000 11,000 21,000 20,450 20,620 20,290 15,190 15,105 15,105 Interest NSP check $170 330 w304 5,100 Service charge 85 May 1 Balance May 1 May 2 May 29 Cash (A) 21,000 9,000 10,000 7,000 11,000 7,000 550 5,100 1,300 #301 May 2 302 Hay 4 +303 May 11 304 May 23 305 May 29 May 31 Balance 20.550 PA5-2 Part 1 PA5-2 Part 1 Required: 1. Prepare a bank reconciliation for May. Bank Statement Ending Balance Per Bank Statement Additions: MARTIN COMPANY Bank Reconciliation At May 31 Company's Books Ending Balance Per Cash Account Additions: 0 0 Deductions: 0 Deductions: 0 Up-to-Date Cash Balance $ 0 o Up-to-Date Cash Balance 0 $ 0 Prey 1 2. 3 4 of 4 Next >