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. DIA ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Dalance Canh Balance Cash Cash May 1, 2021 Receipts Disbursemente May 31, 2021 $5,370 $11,590 011,680 $5,280 Cash Receipt Cash Disbursements Date Dese. Amount Date Check Dese. Amount 5/3 Sales $1,370 5/7 471 Legal fees $1,210 5/10 Sales 1.800 5/12 472 Property tax 1.580 5/17 Bales 2.430 5/15 473 Salaries 3.510 5734 2.900 5/22 474 Advertising 1,410 Sales 3,090 5/30 495 Wupplies 460 5/31 476 Salaries 2510 $11,590 911,600 /5 1.0 tex 162647 Bovloge, OK 74810 (605) 369-CASH Account Holders Member TIC Hidat Bank Looking Out For You Dias Entertainment Account Number 124 Saddle Blvd, Dowlog, OK 74810 Statement Date Account 7772854360 May 31, 2021 $11,590 $11,680 Member FDIC 7772854360 May 31, 2021 NO Ending Balance May 31, 2021 $6,471 2.0. Box 162647 Midwest Bank Bowlega, OK 74830 Looking Out For You 1405) 369-CASH Account Holder: Diaz Entertainment Account Number: 124 Saddle Blvd, Bowlege, OK 74830 Statement Date: Account Summary Withdrawals and Beginning Balance Deposits and Credits Debito May 1, 2021 Total NO. Total $6,170 7 59,672 9 59,371 Account Details Deposito and Credits Withdrawals and Debito Date Amount Desc. Date No. Amount Desc 5/4 $ 1.370 DEP 5/1 469 $ 460 CHIK 5/11 1,800 DEP 5/2 470 340 CHIK 5/10 2,430 DEP 5/9 47: 1,210 5/20 1.100 NOTE 5/11 310 NST 5/20 51 INT 5/12 1.580 CHK 5/25 2,900 DEP 5/18 473 3,510 CHK 5/31 21 INT 5/20 510 5/25 474 1.410 CHIK 5/31 ST 6.9,672 $9,321 472 Daily Balance Dato Amount 5/1 $5,710 5/2 5.370 574 6,740 5/9 5,530 5/11 7,020 5/12 5,440 5/10 4,360 5/20 5,003 5/25 6.491 SY $6,471 Dese. DRP Customer deposit NOTE Note collected KPT Electronic Eunds transfer INT Interest carned CHK Customer check SP Service fees NSP Non aufloiont funda Additional Information: Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SF Service fees NSF 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 Diaz for payment that should have been made on another account. Required: 1. Prepare a bank reconciliation for Dlaz's checking account on May 31, 2021. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.) DIAZ ENTERTAINMENT Bank Reconciliation May 31, 2021 Company's Cash Balance Per general ledger Bank's Cash Balance Per bank statement 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 Required: 1. Prepare a bank reconciliation for Diaz's checking account on May 31, 2021. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.) DIAZ ENTERTAINMENT Bank Reconciliation May 31, 2021 Company's Cash Balance Per general ledger Bank's Cash Balance Per bank statement Bank balance per reconciliation Company balance per reconciliation
