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 $16,100. 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 $6,000 #301 $9,000 #302 4,800 8,000 Balance, May 1 May 2 May 5 May 7 May 8 May 14 May 17 May 22 May 27 May 31 Balance, May 31 #303 440 Balance $ 16,100 22,100 13,100 8,300 16,300 15,860 15,950 15,730 11,730 11,680 11,680 Interest NSF check $ 90 220 #304 4,000 Service charge 50 May 1 Balance May 1 May 7 May 29 Cash (A) 16,100 6,000 8,000 4,800 9,000 4,800 440 4,000 700 #301 May 2 #302 May 4 #303 May 11 #304 May 23 #305 May 29 305 May 2 May 31 Balance 15,960 1. Prepare a bank reconciliation for May. MARTIN COMPANY Bank Reconciliation At May 31 Company's Books Ending Balance Per Cash Account Additions: Bank Statement Ending Balance Per Bank Statement Additions: Deductions: Deductions: Up-to-Date Cash Balance Up-to-Date Cash Balance Journal entry worksheet Record the interest of $90 receipt from the bank. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the return of the customer check of $220 due to insufficient funds. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the service charges of $50 deducted by the bank. Note: Enter debits before credits. Transaction 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? Balance in Cash Account 4. If the company also has $40 of petty cash on hand, which is recorded in a different account called Petty Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the balance sheet at the end of May? Total Amount of Cash and Cash Equivalents