mapter 5, 6 & 7 The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The bank statement for May 1 and the May T-account for cash showed the transactions listed below. Martin Company's bank reconciliation at the end of April showed a cash balance of $18,700. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Withdrawals Deposits Balance Balance, May 1 $18,700 May 30 Balance, May 31 May 2 May 5 May 7 May 8 May 14 May 22-NSF cheque May 31-Service charges $ 7,900 26,600 301 $10,900 # 302 15,700 6,858 9,658 10,000 19,650 #383 498 19,160 May 17-Interest Earned I 119 19,279 304 278 4,500 59 19,009 14,509 14,450 14,450 +Cash (A)- May 1 Balance 18,700 May 1 May 7 May 29 7,900 10,000 3,900 10,900 6,050 490 4,500 1,298 May 31 Balance 17,270 Required: 1. Prepare a bank reconciliation for May Bank Statement Ending balance per bank statement Additions Deductions MARTIN COMPANY Bank Reconciliation May 02 #301 May 04 #302 May 11 303 May 30 #304 May 29 #305 At May 31 Company's Books Ending balance per Cash account Additions Deductions: Up-to-date cash balance $ 0 Up-to-date cash balance $ Saved 2. Prepare any journal entries required as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet < A B C Record the interest earned on May 17. Note: Enter debits before credits. Date May 17 General Journal Debit Credit Record entry Clear entry View general journal 3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? Cash balance 4. If the company also has $49 on hand, which is recorded in a different account called Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the balance sheet at the end of May? Cash