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 Companys bank reconciliation at the end of April showed a cash balance of $20,100. No deposits were in transit at the end of April, but a deposit was in transit at the end of May.

1. Prepare a bank reconciliation for May.

3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger?

4.If the company also has $65 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?

[The following information applies to the questions displayed below] 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 $20,100. 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 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 $ 20,100 28,100 17,100 10,500 20,500 19,970 $ 150 20,120 310 19,810 14,910 75 14,835 14,835 $ 8,000 #301 $ 11,000 #302 6,600 10,000 #303 530 Interest NSF check #304 4.900 Service charge Cash (A) May1 May 1 May 7 May 29 20,100 8,000 10,000 6,600 Balance 11,000 6,600 530 4,900 1,600 #301 May 2 #302 May 4 #303 May 11 #304 May 23 #305 May 29 May 31 Balance 20,070