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, 2021 Cash Balance es May 31, 2021 55, 100 Cash Balance Cash May 1, 2021 Receipts 35.280 $12,040 Cash Receipts Date Desc 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Date Amount $1,450 1,890 2,520 2,000 3, 100 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursements $12,220 Cash Disbursements Check Desc 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount $1,300 1,670 3,600 1,500 550 3.600 $12,220 $12,040 Member FDIC 7772854366 of 2 May 31, 2021 Ending Balance May 31, 2021 56,210 Book P.O. Box 162647 Midwest Bank Bowlegs, OK 74830 Looking Out For You (405) 369 -CASH Account Holder: Diaz Entertainment Account Number: 124 Saddle Blvd, Bowlogs, OK 74830 Statement Date: Account Summary Withdrawals and Beginning Balance Deposits and Credits Dobits May 1, 2021 NO Total NO Total $6,260 7 $10,050 0 $10,100 Account Details Deposits and Credits withdrawals and Debits Date Amount Desc Date No. Amount Desc! 5/4 $ 1,450 5/1 469 $ 550 5/11 1,890 DEP 5/2 470 430 CHK 5/18 2.520 DEP 5/9 471 1,300 CHK 5/20 1.100 NOTE 5/11 400 NSF 5/20 60 INT 5/12 472 1,670 CHK 5/25 2,090 DEP 5/18 473 3,600 CHK 5/31 30 INT 5/20 800 EFT 5/25 474 1,500 CHK 5/31 50 SF $10,050 $10,100 Terences DEP CHK Daily Balance Date Amount 5/1 $5, 710 5/2 5,280 5/4 5, 740 5/9 5,440 5/11 5,930 5/12 5, 280 5/10 4,180 5/20 4.740 5/25 6.239 5/31 $6,210 CH Desc DEP Customer deposit INT Interest earned SF Service fees NOTE Note collected CHK Customer check NSF Nonsufficient funds EFT Electronic funds transfer 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 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.) View transaction is Journal entry worksheet 1 2 > Required information Journal entry worksheet Journal entry worksneet Part 2 of 2