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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
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 $17,000. 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 Balance, May 1 May 2 May 5 May 7 May 8 May 14 May 17 May 22 May 27 May 31 Balance, May 31 Balance $17,000 24,000 14,000 8,800 17,800 17,340 $100 17,440 240 17,200 13,000 service tharge 60 12,940 2,940 $7,000 #301 #302 $10,000 5,200 9,000 #303 460 Interest NSF check #304 4,200 Cash (A) May 1 Balance May 1 May 7 May 29 17,000 7,0001 9,000 5,200 10,000 #301 May 2 5,200 #302 May 4 460 #303 May 11 4,200 304 May 23 #305 May 29 900 17,440 May 31 Balance
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