PA5-2 (Static) 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 $18,800. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Checks BANK STATEMENT Deposits Other Balance $ 18,800 26,800 Balance, May 1 May 21 $ 8,000 May 5 301 May 7 #302 $ 11,000 6,000 May 8 10,000 May 14 May 17 May 22 #303 500 May 27 #304 4,600 May 31 Balance, May 31 15,800 9,800 19,800 19,300 Interest earned $120 19,4201 NSF check 280 19,140. 14,540 Service charge 60 14,480 14,480 Cash (A) Debit Credit May 1 Balance May 1 18,800 8,000 May 7 May 29 10,000 6,000 11,000 6,000 #301 May 2 4,600 1,300 500 #302 May 4 #303 May 11 #304 May 23 May 311 #305 May 29 Balance 19,400 May 1 Balance 18,800 May 1 8,000 11,000 May 7 10,000 6,000 May 29 # 301 May 2 #302 May 4 6,000 500 4,600 # 303 May 11 # 304 May 23 1,300 May 31 Balance # 305 May 29 19,400 PA5-2 (Static) Part 3 3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? Balance in Cash Account