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please help me with this PA5-2 Preparing a Bank Reconciliation and Journal Entries and Reporting Cash ILO 5-4, LO 5-5] IThe following information applies to
please help me with this
PA5-2 Preparing a Bank Reconciliation and Journal Entries and Reporting Cash ILO 5-4, LO 5-5] IThe following information applies to the questions displayed belowj 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 $17,500. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. BANK STATEMENT Other Checks Deposits Balance 17,500 Balance, May 1 7,000 24,500 May 2 #301 $10,000 14,500 May 5 May 7 #302 5,400 9,100 9,000 May 8 18,100 #303 May 14 470 17,630 105 17,735 May 17 Interest NSF check May 22 250 17,485 #304 4,300 May 27 13,185 Service charge 65 13,120 May 31 Balance, May 31 13,120 Cash (A) May 1 Balance 17,500 #301 May 2 May 1 7,000 10,000 #302 May 4 9,000 5,400 May 7 5,400 May 29 470 #303 May 11 4,300 #304 May 23 1,000 #305 May 29 May 31 Balance 17,730Step by Step Solution
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