Problem 4-3A Prepare the bank reconciliation and record cash adjustments (L04-5) [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, to May 31, 2021 Cash Balance May 31, 2021 $5,400 Cash Balance Cash May 1, 2021 + Receipts $5, 430 $11,290 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,310 1,740 2,370 2,840 3,030 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursements $11,320 Cash Disbursements Check Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount $ 1,150 1,520 3,450 1,350 400 3,450 $11,320 $11,290 Member FDIC 7772854360 May 31, 2021 Ending Balance May 31, 2021 $6,545 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, 110 7 $9,320 9 $8,885 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 5/4 $ 1,310 DEP 5/1 469 $ 400 CHK 5/11 1,740 DEP 5/2 470 280 CHK 5/18 2,370 DEP 5/9 471 1,150 CHK 5/20 1,000 NOTE 5/11 250 NSE 5/20 45 INT 5/12 472 1,520 CHK 5/25 2,840 DEP 5/18 473 3,450 CHK 5/31 15 INT 5/20 450 EFT 5/25 474 1,350 CHK 5/31 35 SF $ 9,320 $8,885 Daily Balance Date Amount 5/1 $5,710 5/2 5,430 5/4 6, 740 5/9 5,590 5/11 7,080 5/12 5,560 5/18 4,480 5/20 5,075 5/25 6,565 5/31 $6,545 Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SF Service fees NSF Nonsufficient funds Additional information: 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. Journal entry worksheet N Record the amounts that decrease cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 2