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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 $20,600 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 $ 8.000 301 $ 11,000 302 Balance, May 1 May 2 May s May 7 May may sa May 17 May 22 May 27 Hey 10.000 Balance $ 20,600 28,600 17,600 10,800 20,00 20,260 20,420 20,100 15,100 15,020 303 540 Interest earned NSF check 5100 2304 Service Care HO 320 May 22 May 27 May 31 #304 5,000 NSF check Service charge 80 Balance, May 31 Cash (A) Debit Balance Credit May 1 May 1 May 7 May 29 20,600 8,000 1 10,000 6,800 11,000 6,800 540 5,000 1,700 #301 May 2 #302 May 4 #303 May 11 #304 May 23 #305 May 29 May 31 Balance 20,360 PA5.2 Ingol Port 1 Required: 1. Prepare a bank reconciliation for May Bank Statement Ending Balance Per Bank Statement Additions: MARTIN COMPANY Bank Reconciliation At May 31 Company's Books Ending Balance Per Cash Account Additions: Deductions Deductions
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