Problem 4-3A Prepare the bank reconciliation and record cash adjustments (LO4-5) [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. Cash Balance May 1, 2021 + Cash Receipts $11,640 DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Disbursements $11,740 Cash Balance = May 31, 2021 $5,260 Cash Disbursements Desc. Legal fees Property tax $5,360 Cash Receipts Date Desc. Amount Date Check# 5/3 Sales $ 1,380 5/7 471 5/10 Sales 1,810 5/12 472 5/17 Sales 2,440 5/15 473 Salaries 5/24 Sales 2,910 5/22 474 Advertising 5/31 Sales 3,100 5/30 475 5/31 476 Supplies Salaries $11,640 Amount $ 1,220 1,590 3,520 1,420 470 3,520 $11,740 P.O. Box 162647 Bowlegs, OK 74830 (405) 369-CASH Account Holder: Diaz Entertainment 124 Saddle Blvd, Bowlegs, OK 74830 Midwest Bank Looking Out For You Member FDIC Account Number: 7772854360 Statement Date: May 31, 2021 Account Summary Beginning Balance May 1, 2021 $6,180 Deposits and Credits Deposits and Credits Withdrawals and Debits NO. Total 7 $9,814 NO. 9 Total $9,452 Account Details Withdrawals and Debits Ending Balance May 31, 2021 $6,542 Daily Balance Date Amount Desc. Date No. Amount Desc. Date Amount 5/4 $ 1,380 DEP 5/1 469 $ 470 CHK 5/1 5/11 1,810 DEP 5/2 470 350 CHK 5/2 $5,710 5,360