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 $17,900. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Balance, May 1 May 2 May 5 May 7 May 8 May 14 Checks BANK STATEMENT Deposits $ 7,000 #301 #302 $ 10,000 5,600 9,000 #303 480 Other Balance $ 17,900 24,900 14,900 9,300 May 17 May 22 May 27 #304 4,400 May 31 Balance, May 31 18,300 17,820 Interest earned $ 110 17,930 NSF check 260 17,670 13,270 Service charge 70 13,200 13,200 Cash (A) Debit Credit May 1 Balance May 11 17,900 7,000 10,000 May 7 9,000 5,600 May 29 #301 May 2 #302 May 4 5,600 480 #303 May 11 4,400 #304 May 23 1,100 #305 May 29 May 31 Balance 17,920 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