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 $17,900. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Withdrawals Deposits $ 7,100 # 301 # 302 $10, 100 6, 450 10,000 Balance, May 1 May 2 May 5 May 7 May 8 May 14 May 17 - Interest Earned May 22 - NSF cheque May 30 May 31 - Service charges Balance, May 31 Balance $17, 900 25, 000 14, 900 8, 450 18, 450 18, 040 18, 151 17, 961 14, 261 14, 210 14, 210 # 303 410 111 # 304 190 3, 700 51 + Cash (A) Balance May 1 May 1 May 7 May 29 17, 900 7, 100 10,000 3, 100 10, 100 6, 450 410 3, 700 1, 210 May 02 May 04 May 11 May 30 May 29 #301 #302 #303 #304 #305 May 31 Balance 16, 230 Required: 1. Prepare a bank reconciliation for May. MARTIN COMPANY Bank Reconciliation At May 31 Company's Books Ending balance per Cash account Bank Statement Ending balance per bank statement Additions: Additions: 0 0 Deductions: Deductions: 0 Up-to-date cash balance $ 0 Up-to-date cash balance $ 0 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 Record the interest earned on May 17. Note: Enter debits before credits. Date General Journal Debit Credit May 17 Record entry Clear entry View general journal Journal entry worksheet Record the entry for NSF cheque noted on May 22. Note: Enter debits before credits. Date General Journal Debit Credit May 22 Record entry Clear entry View general journal Journal entry worksheet Record the bank service charges incurred on May 31. Note: Enter debits before credits. Date General Journal Debit Credit May 31 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 $41 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