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 - May 31, 2021 $5,120 Cash Balance Cash May 1, 2021 + Receipts $5,290 $11,990 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,450 1,880 2,510 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursements $12, 160 Cash Disbursements Check# Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount $ 1,290 1,660 3,590 1, 490 540 3,590 $12,160 2,980 3,170 $11,990 Member FDIC 7772854360 May 31, 2021 Ending Balance M ay 31, 2021 $6,139 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, Bowlegs, OK 74830 Statement Date: Account Summary Beginning Balance Deposits and Credits Withdrawals and Debits May 1, 2021 NO. Total NO. Total $6, 250 7 99,90B9 $10,019 Account Details Deposits and Credits Withdrawals and Debita Date Amount Desc. Date No. Amount Des 574 $1.450 DEP 571 540 CHK 5/11 1,080 DEP 5/2 CHK 5/16 2.510 DEP 5/9 CHK 5/20 1,000 MOTE 5/11 5/20 5/12 CHE 5/25 2,980 DEP 5/18 CHE 5/31 29 INTE 5/20 ETE CHK 169 5/ NSE D aily Balance Date Amount $5,710 5/2 5,290 5/4 6, 740 5/9 5, 450 5/12 6,940 5/12 5,280 4,200 4,669 5/18 on- ana $ 9,900 $10,019 1.000 5/20 5/20 5/25 5/31 NSE CH 472 NOTE INT DEP INT 2,900 29 473 5/11 5/12 5/18 5/20 5/25 5/31 1.660 3.590 590 CHK 5/9 5/11 5/12 5/19 5/20 5/25 5/31 5, 450 6, 940 5.200 1,200 1.669 6, 159 $6,139 474 12 SF $ 9,900 $10.019 Deac. DEP Customer deposit NOTE Note collected KIT Electronie funds transfer INT Interest earned CHK Customer check SP Service fees NSF Nonsufficient funda 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 Record the amounts that increase cash. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal 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 Carousell View transaction list Journal entry worksheet Record the amounts that decrease cash Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal 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 - May 31, 2021 $5,120 Cash Balance Cash May 1, 2021 + Receipts $5,290 $11,990 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,450 1,880 2,510 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursements $12, 160 Cash Disbursements Check# Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount $ 1,290 1,660 3,590 1, 490 540 3,590 $12,160 2,980 3,170 $11,990 Member FDIC 7772854360 May 31, 2021 Ending Balance M ay 31, 2021 $6,139 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, Bowlegs, OK 74830 Statement Date: Account Summary Beginning Balance Deposits and Credits Withdrawals and Debits May 1, 2021 NO. Total NO. Total $6, 250 7 99,90B9 $10,019 Account Details Deposits and Credits Withdrawals and Debita Date Amount Desc. Date No. Amount Des 574 $1.450 DEP 571 540 CHK 5/11 1,080 DEP 5/2 CHK 5/16 2.510 DEP 5/9 CHK 5/20 1,000 MOTE 5/11 5/20 5/12 CHE 5/25 2,980 DEP 5/18 CHE 5/31 29 INTE 5/20 ETE CHK 169 5/ NSE D aily Balance Date Amount $5,710 5/2 5,290 5/4 6, 740 5/9 5, 450 5/12 6,940 5/12 5,280 4,200 4,669 5/18 on- ana $ 9,900 $10,019 1.000 5/20 5/20 5/25 5/31 NSE CH 472 NOTE INT DEP INT 2,900 29 473 5/11 5/12 5/18 5/20 5/25 5/31 1.660 3.590 590 CHK 5/9 5/11 5/12 5/19 5/20 5/25 5/31 5, 450 6, 940 5.200 1,200 1.669 6, 159 $6,139 474 12 SF $ 9,900 $10.019 Deac. DEP Customer deposit NOTE Note collected KIT Electronie funds transfer INT Interest earned CHK Customer check SP Service fees NSF Nonsufficient funda 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 Record the amounts that increase cash. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal 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 Carousell View transaction list Journal entry worksheet Record the amounts that decrease cash Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal