Required information The following information applies to the questions displayed below The cash records and bank statement for the month of May for Diaz Entertainment are shown below DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2821 Cash Balance Cash Balance Cash May 1, 2021+ Cash Receipts .Disbursements May 31, 2021 $5,448 $5,450 $11,190 $11,280 Cash Receipts Cash Disbursements Date 5/3 5/10 Desc Sales Sales Sales Sales Sales unt Date Check# 471 472 473 474 475 476 Desc. Legal fees Property tax Salaries Advertising Supplies Salaries Amount Amount $ 1,130 1,580 3,430 1,330 380 3.430 1,290 5/7 1,720 5/12 2,35 5/15 2,820 5/22 3,010 5/30 5/31 5/24 5/31 511,190 $11,200 P.0. Box 162647 Bowlegs, OK 74830 (405) 369-CASH Midwest Bank Looking Out For You Member FDIC Account Holder: Diaz Entertainment 124 Saddle Blvd, Bowlegs, OK 74830 Account Number: 7772854360 Statement Date: May 31, 2021 Account Deposits and Credits Withdrawals and Debits Beginning Balance Ending Balance Total 1. 2021 otal $8,723 31, 2021 Account Details Withdrawals and Debits Deposits and Credits Daily Balance Date 5/4 Amount 5 1,290 1,720 2,350 1,200 Desc DEP DEP DEP NOTE Date Desc Date Amount $5,710 5,450 6,740 5,610 7,188 5,600 4,520 5, 333 6,823 S 6,803 5 380 5/2 5/9 478 471 5/18 5/20 5/20 5/25 5/31 1,130 230 1,500 5/4 472 5/12 5/18 5/28 5/25 5/31 2,820 13 DEP 5/12 5/18 430 1,330 5/25 S 9,436 $8,723 Desc DEP Customer deposit INT Interest earned SF Service fees CHK Customer check NSF Nonsufficient funds NOTE Note collected EFT Electronic funds transfer Additional Information The difference in the beginning balances in the company's records and the bank statement relates to checks #469 and #470, which are outstanding as of April 30, 2021 (prior month). b. The bank made the EFT on May 20 in error. The bank accidentally charged Diaz for payment that should have been made on another account 2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Total entries to the same account together when entering in the journal entry carousel.) Journal entry worksheet Journal entry worksheet Record the amounts that decrease cash. Record the amounts that increase cash. Note: Enter debits before credits Note: Enter dabits bafore cradits. General Journal Debit Credit Debit Credit