red information PA5-2 (Static) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4, LO 5-5] [The following information applies to the questions displayed below] 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 $18,800. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Checks BANK STATEMENT Deposits Balance, May 1 May 2 $ 8,000 May 5 May 7 May May 14 301 #302 $ 11,000 6,000 10,000 303 500 May 17 May 22 May 27 May 31 Balance, May 31 304 4,600 Other Balance $ 18,800 26,800 15,800 9,800 19,800 19,300 Interest earned NSF check $120 19,420 280 19,140 14,540 Service charge 60 14,480 14,480 Cash (A) Debit Credit May 1 Balance May 1 May 7 May 29 18,800 8,000 10,000 6,000 11,000 6,000 #301 May 2 #302 May 4 4,600 1,300 500 #303 May 11 #304 May 23 #305 May 29 May 31 Balance 19,400 PA5-2 (Static) Part 1 Required: 1. Prepare a bank reconciliation for May. MARTIN COMPANY Bank Reconciliation At May 31 Bank Statement Company's Books Ending Balance Per Bank Statement Ending Balance Per Cash Account Additions: Additions: Deductions: 0 0 Deductions: 0 0 0 0 Up-to-Date Cash Balance $ 0 Up-to-Date Cash Balance $ 0