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The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The bank statement for May 1 and

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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 $19,500. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. 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 fleld.) View transaction list Balance, May 1 May 2 May 5 May 7 May 8 May 14 May 17-Interest Earned May 22-NSF cheque May 29 May 31-Service charges Balance, May 31 kithdrawals Deposits Other Balance $19,500 $ 8,700 28,290 301 $11,700 16,500 # 302 5,650 10,850 10,000 20,850 * 393 570 29,280 $ 127 20,407 359 20,057 * 384 5,390 14,757 67 14,690 14,699 + Cash (A) - May 1 Balance 19,500 May 1 8,700 11,700 May 02 #301 May 7 10,000 5,650 May 04 #302 May 29 4,700 579 5,300 1,370 May 11 #393 May 29 May 30 #384 #395 May 31 Balance 18,319 Required: 1. Prepare a bank reconciliation for May. Bank Statement Ending balance per bank statement Additions: Deductions: MARTIN COMPANY Bank Reconciliation At May 31 Company's Books Ending balance per Cash account Additions: 0 Deductions: 0 0 Up-to-date cash balance. $ 0 Up-to-date cash balance. $ 0 Journal entry worksheet < A B C 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 > 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 $57 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 and Cash Equivalents

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