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Required information The following information applies to the questions displayed below.) The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as
Required information The following information applies to the questions displayed below.) The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized). Martin Company's bank reconciliation at the end of April showed a cash balance of $20,100. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. BANK STATEMENT Checks Deposits Other $ 8,000 #301 $11,000 #302 6,600 10,eee Balance, May 1 May 2 May 5 May 7 May 8 May 14 May 17 May 22 May 27 May 31 Balance, May 31 Balance $ 20,100 28,100 17,100 10,500 20,500 19,970 20,120 19,810 14,910 14,835 14,835 #303 530 Interest NSF check $150 310 #384 4,900 Service charge 75 May 1 Balance May 1 May 7 May 29 Cash (A) 20,180 8,000 10,eee 6,6ee 11,080 6,689 530 4,900 1,600 #301 May 2 #302 May 4 #303 May 11 #384 May 23 #385 May 29 May 31 Balance 20.07e 3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? Balance in Cash Account
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