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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

image text in transcribed 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) are below. 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. Checks BANK STATEMENT Deposits Other Balance, May 1 May 2 $ 6,000 May 5 May 7 May 8 May 14 May 17 #301 #302 $ 9,000 4,800 8,000 # 303 440 May 22 May 27 May 31 Balance, May 31 #304 4,000 Balance $ 16,100 22,100 13,100 8,300 16,300 15,860 Interest earned $ 90 15,950 NSF check 220 15,730 11,730 Service charge 50 11,680 11,680 Cash (A) Debit Credit May 1 Balance 16,100 May 1 6,000 9,000 May 7 May 29 8,000 4,800 4,800 440 #301 May 2 #302 May 4 # 303 May 11 4,000 700 # 304 May 23 #305 May 29 May 31 Balance 15,960 . 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

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