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 1, 2021 +Receipts $5,450 Cash Balance Cash Cash Disbursements $11,200 Cash Disbursements Check# May 31, 2021 $5,440 $11,190 Cash Receipts Date Desc. Amount Date 5/7 Desc. Legal fees Property Amount 5/3 Sales $1,290 471 $1,130 5/10 Sales 1,720 5/12 472 1,500 tax 5/17 5/24 Sales 2,350 2,820 3,010 5/15 5/22 5/30 5/31 473 Salaries 3,430 Sales Sales 474 Advertising Supplies Salaries 330 380 5/31 475 3,430 476 $11,190 $11,200 P.O. Box 162647 Bowlegs, OK 74830 (405) 369-CASH Account Holder: Midvest Bank Member FDIC Looking Out For You Diaz Entertainment Account Number: 7772854360 124 Saddle Blvd, Bowlegs, OK 74830 Statement Date: May 31, 2021 Account Sumary WithdrawalS and Debits Ending Balance May 31, 2021 $6,803 Beginning Balance May 1, 2021 $6,090 Deposits and Credits Total $9,436 9 Account Details Withdrawals and Debits No. 469 470 471 NO. Total $8,723 NO. Deposits and Credits Amount $1,290 1,720 2,350 1,200 43 2,820 13 Daily Balance Anount $5,710 5,450 6,740 5,610 7,100 5,600 4,520 5,333 6,823 Desc. CHK CHK Date 5/1 Desc. DEP DEP DEP Date 5/1 5/2 5/9 5/11 5/12 5/18 Amount Date 380 260 1,130 230 1,500 5/4 5/11 5/18 5/20 5/20 5/25 5/31 5/2 5/4 5/9 5/11 5/12 5/18 5/20 CEK NSF NOTE 472 473 CHK INT DEP CHK EFT 3,430 430 1,330 33 INT 5/20 5/25 474 CHK 5/25 5/31 SF $8,723 5/31 $ 9,436 $6,803 INT Interest earned CHK Customer check SF Service fees DEP Customer deposit Desc. NSF Nonsutticient tunds NOTE Note collected EPT 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