please can you demonstrate how the checks oustading is fund in this exercise

thank you in advance

Submitted work A 15/15 Total points awarded Help You got this question right in the previous attempt. Explanation Show correct an ! Required information [The following information applies to the questions displayed below.) The cash records and bank statement for the month of May for Diaz Entertainment are shown below. DIAZ ENTERTAINMENT Cash Account Records May 1, 2021. Ito May 31, 2021 Cash Balance May 31, 2021 $5,180 Cash Balance Cash May 1, 2021 + Receipts $5,320 $11,840 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 'Sales 5/24 Sales 5/31 Sales Amount $ 1,420 1,850 2,480 2,950 3,140 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursements $11,980 Cash Disbursements Check Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount $ 1,260 1,630 3,560 1,460 510 3,560 $11,980 $11,840 P. RAY 169647 Mua v Ran Member FDIC 7772854360 May 31, 2021 Ending Balance May 31, 2021 $6,226 P.O. Box 162647 Midwest Bank Bowlegs, OK 74830 Looking Out For You (405) 369-CASH Account Holder: Diaz Entertainment Account Number: 124 Saddle Blvd, Bowlegs, OK 74830 Statement Date: Account Summary Withdrawals and Beginning Balance Deposits and Credits Debits May 1, 2021 NO. Total NO. Total $6,220 7 $9,782 9 $9,776 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 5/4 $ 1,420 DEP 5/1 469 $ 510 CHK 5/11 1,850 DEP 5/2 470 390 CHK 5/18 2,480 DEP 5/9 471 1,260 CHK 5/20 1,000 NOTE 5/11 360 NSF 5/20 56 INT 5/12 472 1,630 CHK 5/25 2,950 DEP 5/18 473 3,560 CHK 5/31 26 INT 5/20 560 EFT 5/25 474 1,460 CHK 5/31 46 SF $ 9,782 $9,776 Daily Balance Date Amount 5/1 $5,710 5/2 5, 320 5/4 6,740 5/9 5,480 5/11 6,970 5/12 5,340 5/18 4,260 5/20 4,756 5/25 6,246 5/31 $6,226 Desc. DEP Customer deposit NOTE Note collected INT Interest earned CHK Customer check SF Service fees NSF Nonsufficient funds Submitted 4 Homework You got this question right in the previous attempt. Show correct answers Explanation Required information 1 of 2 a. The difference in the beginning balances in the company's records and the bank statement relates to checks #469 and #470, which are outstanding as of April 30, 2021 (prior month). b. The bank made the EFT on May 20 in error. The bank accidentally charged Diaz for payment that should have been made on another account. 5 S awarded Scored Required: 1. Prepare a bank reconciliation for Diaz's checking account on May 31, 2021. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.) eBook Print eferences DIAZ ENTERTAINMENT Bank Reconciliation May 31, 2021 Company's Cash Balance 6,226 Per general ledger 3.140 Note collected (4,070) Interest earned $ Bank's Cash Balance Per bank statement Deposits outstanding Checks outstanding $ 5,180 1,000 82 EO