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.) -Record the interest of $220 receipt from the bank. -Record the return of the customer check of $380 due to insufficient funds. -Record the service charges of $110 deducted by the bank.

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 $23,300. 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 Balance Balance, May 1 $ 23,300 May 2 $ 9,000 32,300 May 5 #301 $ 12,000 20,300 May 7 #302 8,000 12,300 May 8 11,000 23,300 May 14 #303 600 22,700 May 17 Interest earn $ 220 22,920 May 22 NSF check 380 22,540 May 27 #304 5,600 16,940 May 31 Service charge 119 16,830 Balance, May 31 16,830 Cash (A) Credit Debit Balance May 1 May 1 May 7 May 29 23,300 9,000 11,000 8,000 12,000 8,000 600 5,600 2,300 #301 May 2 #302 May 4 #303 May 11 #304 May 23 #305 May 29 May 31 Balance 22,800 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: 0 0 0 0 Deductions: Deductions: 0 0 Up-to-Date Cash Balance S 0 Up-to-Date Cash Balance $ 0 3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? Balance in Cash Account 4. If the company also has $100 of petty cash on hand, which is recorded in a different account called Petty Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the balance sheet at the end of May? Total Amount of Cash and Cash Equivalents