Required information [The following information applies to the questions displayed below.] The cash records and bank statement for the month of May for Dlaz Entertainment are shown below. Cash Balance May 31, 2021 $5,220 Cash Balance Cash May 1, 2021 + Receipts $5,340 $11, 740 Cash Receipts Date Dese. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Disbursements $11,860 Cash Disbursements Amount Date Check Desc. $ 1,400 5/7 471 Legal fees 1,830 5/12 472 Property tax 2,460 5/15 473 Salaries 2,930 5/22 474 Advertising 3,120 5/30 475 Supplies 5/31 476 Salaries $11,740 Amount $ 1,240 1,610 3,540 1,440 490 3,540 $11,860 Member FDIC 7772854360 May 31, 2021 Ending Balance May 31, 2021 $6,384 P.O. 162647 Midwest Bank Bowlegs, OK 74830 Looking Out For You (405) 369-CASH Account Holder: Diaz Entertainment Account Number: 124 Saddle Blvd, Bowlegs, OK 74830 Statement Date: Account Summary Withdrawals and Beginning Balance Deposits and Credits Debits May 1, 2021 NO. Total NO. Total $6,200 7 $9,798 9 $9,614 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 5/4 $1,400 DEP 5/1 469 $ 490 CHK 5/11 1,830 DEP 5/2 470 370 CHK 5/18 2,460 DEP 5/9 471 1,240 CHK 5/20 1,100 NOTE 5/11 340 NSF 5/20 54 INT 5/12 472 1,610 CHK 5/25 2,930 DEP 5/18 473 3,540 CEK 5/31 24 INT 5/20 540 EFT 5/25 474 1,440 CHK 5/31 44 SF $ 9,798 $9,614 5/9 Daily Balance Date Amount 5/1 $5,710 5/2 5,340 5/4 6,740 5,500 5/11 6,990 5/12 5,380 5/18 4,300 5/20 4,914 5/25 6,404 5/31 $6,384 Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SF Service fees NSP Nonsufficient funds Additional information: a. 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 Dlaz 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.) View transaction list Journal entry worksheet