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Required: 1. Prepare a bank reconciliation for Diaz's checking account on May 31, 2018. (Amounts to be deducted should be indicated with a minus sign.
Required: 1. Prepare a bank reconciliation for Diaz's checking account on May 31, 2018. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.)
The cash records and bank statement for the month of May for Diaz Entertainment are shown below. DIAZ ENTERTAINMENT Cash Account Records May 1, 2018, to May 31, 2018 Cash Balance Cash Balance May 1, 2018 Deposits Checks May 31, 2018 $5,460 $5,460 $11.140 $11.140 Deposits Checks Date Desc Amount Date No. Desc Amount 1,280 1.120 5/3 5/7 471 Legal fees Sales 1,710 1,490 5/10 Sales 5/12 472 Property tax 5117 Sales 3,420 2,340 5/15 473 Salaries 2,810 1,320 5/24 Sales 5/22 474 Advertising 3,000 5/31 5/30 475 Supplies Sales 370 3,420 5/31 476 Salaries $11.140 $1140Step by Step Solution
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