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Required information PA5-2 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4, LO 5-5] The following information applies to the questions
Required information PA5-2 (Algo) 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 $15,200. 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 Other $ 6,000 #301 #302 $ 9.000 4,400 8,000 Balance, May 1 May 2 May 5 May 7 May 0 May 14 May 17 May 22 May 27 May 31 Balance, May 31 2303 420 Balance $ 15,200 21,200 12,200 7,800 15,800 15,380 15,460 15,260 11,460 11,420 11,420 Interest earned NSP check $ 80 200 2304 3,800 Service charge 40 Cash (A) Dobit Balance Credit May May 1 May 7 May 29 15,200 6,000 8,000 4.400 9,000 4,400 420 3,800 500 301 May 2 #302 May 4 303 May 11 #304 May 23 305 May 29 May 31 Balance 15,480 Required: 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 o Up-to-Date Cash Balance 0 0 $ $ Up-to-Date Cash Balance
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