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) are below. Martin Company's bank reconciliation at the end of April showed a cash balance of $17,000. 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 Balance, May 1 May 2 $ 7,000 May 5 #301 May 7 #302 $ 10,000 5,200 May 8 May 14 May 17 9,000 #303 460 May 22 May 27 #304 4,200 May 31 Balance, May 31 Other Balance $ 17,000 24,000 14,000 8,800 17,800 17,340 Interest earned $ 100 17,440 NSF check 240 17,200 13,000 Service charge 60 12,940 12,940 Cash (A) Debit Credit May 1 Balance 17,000 May 1 7,000 10,000 May 7 9,000 5,200 May 291 5,200 460 4,200 900 #301 May 2 #302 May 4 #303 May 11 #304 May 23 #305 May 29 May 31 Balance 17,440 1. Prepare a bank reconciliation for May. Bank Statement Ending Balance Per Bank Statement Additions: Deposit in Transit Deductions: Outstanding Checks MARTIN COMPANY Bank Reconciliation At May 31 0 0 Company's Books Ending Balance Per Cash Account Additions: Interest Earned Deductions: Bank Service Charges NSF Check 0 Up-to-Date Cash Balance $ 0 Up-to-Date Cash Balance $ 0 0 0