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 DIAZ ANTERIAN May to May 31, 2022 Cash Bal May 31, 2021 $5,460 Cash Balance Cash May 1, 2021 - Receipts $5,460 $11,140 Cash Receipts Date Desc. 5/3 Sales 5/10 5/17 5/24 5/31 Amount Cash Disbursements $11. 140 Cash Disbursements Desc. Legal fees Property tax Salaries Advertising Supplies Salaries Amount $ 1,120 1,490 3,420 1,320 370 3, 420 $11,140 Member FDIC 7772 854360 May 31, 2021 P.O. Box 162647 Midwest Bank Bowlegs, OK 74830 Looking Out For You (405) 369-CASH Account Holder: Diaz Entertainment Account 124 Saddle Blvd, Bowlegs, OK 74830 Statement Date: Account Summary123 Withdrawals and Beginning Balance Deposits and Credits Debits May 1, 2021 NO. Total NO. Total $6, 080 7 $9,1949 $8,642 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 5/4 $ 1,280 DEP 5/1 469 $ 370 CHK 5/11 1,710 DEP 5/ 2 70 250 5/18 2,340 5/9 5/20 1,000 NOTE 5/11 5/20 - 42 5/12 5/25 2,810 5/31 INT Ending Balance M ay 31, 2021 $6,632 5/17 S DEP Daily Balance Date Amount $5,710 5,460 6,740 5,620 7, 110 5,620 4,540 5,162 6,652 INT DEP WANN NNNNN INNOOOOO FON 5/20 U U U U UN OG NH 5/31 $ 9,194 U Desc. INT DEP Customer deposit NOTE Note collected EPT Electronic funds transfer terest earned SP Service fees CHK Customer check 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 Diaz for payment that should have been made on another account. 1:40:04 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.) Tences 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 |