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Required Information The following information applies to the questions displayed below.] The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as
Required Information 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). Martin Company's bank reconcillation at the end of April showed a cash balance of $17,000. No deposits were In transit at the end of ApriI, but a deposit was In transit at the end of May. BANK STATEMENT Checks Deposits Balance Other Balance, May 1 y 2 May 5 y 7 ay 8 May 14 May 17 May 22 May 27 May 31 Balance, May 31 17,000 24,000 14,000 , $7,000 #301 $10,000 #302 5,200 9,000 17,B00 17,340 17,440 17,200 13,000 12, 940 12,940 #303 460 Interest $100 NSF check 240 #304 4,200 Service charge 60 Cash (A) May 1 Balance y 1 ay 7 May 29 17,000 7,000 9,000 5,200 10,000 5,200 460 4,200 # 301 May 2 #302 May 4 # 303 May 11 # 304 May 23 # 305 May 29 900 17,440 May 31 Balance 3. After the reconciliation Journal entrles are posted, what balance will be reflected In the Cash account In the ledger? Balance in Cash Account
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