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, BANK STATEMENT Deposits Checks Other $ 6,000 #301 $ 9,000 4,400 2302 8,000 Balance, May 1 May 2 May 5 May 7 May May 14 May 17 May 22 May 27 May 31 Balance, May 31 Balance $ 15,200 21,200 12,200 7,800 15,800 15,380 15,460 15,260 11,460 11,420 11,420 2303 420 Interest earned NSF check $ 80 200 #304 3,800 Service charge 40 Cash (A) Credit Debit Balance May 1 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 Balance 15,480 May 31 PA5-2 (Algo) Part 3 3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? Balance in Cash Account