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. DIAL ENTERTAINMENT Cam Account Records May 1, 2021, to May 31, 2021 Canh ta l c May 31, 2021 $5,280 Can Balance Cash May 1, 2021 Receipts $5,370 $11,590 Cash Receipts Date Dese. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,370 1.800 2.430 2.900 3,090 Date 5/2 5/12 5/15 5/22 5/30 5/31 Cash Disbursements $11,680 Canh Dahure anh Check Dese. 471 Legal fees 472 Property tax 473 Salarios 474 Advertising 475 Supplies 476 Salaries Amount $1,210 1.580 3.510 1.410 460 3,510 $11.600 $11,590 Momber TIC 2.0. Box 162647 Dowlogs, OK 74030 (405) 369-CAN Nocount Holders Midwest Bank Looking Out For You Dia Entertainment Mocount Number: 124 Saddle Divd, Dovloge, OK 74030 statement Dates Account may 7772854360 May 31, 2021 Member FDIC 7772854360 May 31, 2021 Ending Balance May 31 2021 56,471 P.O. Box 162647 Midwest Bank Bowlegs, OK 74830 Looking Out For You (405) 369-CASH Account Holder: Diaz Entertainment Account Number 124 Saddle Dlvd, Bowlege, Ox 74830 Statement Date Account Summary Withdrawals and Beginning Balance Deposits and Credits Debita May 1, 2021 NO. Total NO Total 55. 170 7 $9.672 9 $9,371 Account Details Deposits and Credits Withdrawals and Debits Date Mount Dese. Date No. Amount Dese. 5/4 $1,370 DEP 5/1 469 $ 460 CHIK 5/11 1,800 DEP 5/2 470 CIK 5/18 2,430 DEP 579 471 1,219 CHX 5/20 1,100 NOTE 5/11 NET 5/20 51 INS 5/12 472 1,500 CIK 5/25 2,900 DER 5/10 473 3.510 CHK 5/31 21 INT 5/20 510 ET 5725 474 1.410 CHIK 5/33 41 SP 5.9.672 39,371 340 310 Daily Balance Date Amount 5/1 $5,710 5/2 5.370 5/4 6,740 5/9 5.530 5/11 7,020 5/12 5.440 5/10 6.369 5/20 5.001 5725 6,491 5/31 $6,473 Dood. DEP Customer deponit NOTX Note collected ET Electronie funds transfer INT Interest earned CHX Customer check SP Service fees NSF Nonoutfieient funds Additional Information: a. The difference in the beginning balances in the company's records and the bank statement relates to checks #469 and 47 which are nicandinn af Anni 9021 Inrin manthi 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 list Journal entry worksheet 1 2 Record the amounts that increase cash. Note: Enter debits before credit Transaction General Journal Debit Credit Required information View transaction St Journal entry worksheet Record the amounts that increase cash. Note: Enter debits before credits General Journal Debit Credit Transaction 1 Record entry Clear entry View general Journal Journal entry worksheet
