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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) are below. Martin Company's bank reconciliation at the end of April showed a cash balance of $22,400. 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 $ 9,000 May 5 May 7 #301 #302 $ 12,000 7,600 May 8 11,000 May 14 #303 580 May 17 May 22 May 27 May 31 Balance, May 31 #304 5,400 Other Balance $ 22,400 31,400 19,400 11,800 22,800 22,220 Interest earned $ 200 22,420 NSF check 360 22,060 16,660 Service charge 100 16,560 16,560 Cash (A) Debit Credit May 1 Balance 22,400 May 1 9,000 12,000 May 7 11,000 7,600 May 29 7,600 580 # 301 May 2 #302 May 4 #303 May 11 5,400. #304 May 23 2,100 #305 May 29 May 31 Balance 22,320 Required: 1. Prepare a bank reconciliation for May. Bank Statement Ending Balance Per Bank Statement Additions: Deductions: MARTIN COMPANY Bank Reconciliation At May 31 0 0. 0 Company's Books Ending Balance Per Cash Account Additions: Deductions: Up-to-Date Cash Balance $ 0 Up-to-Date Cash Balance $ 0
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