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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
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 $18,800. 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 $ 8,000 May 5 Balance $ 18,800 26, 800 May 7 #301 #302 $ 11,000 6,000 May 8 10,000 May 14 15, 800 9,800 19,800 #303 500 May 17 May 22 May 27 #304 4,600 May 31 Balance, May 31 19, 300 Interest earned $ 120 19, 420 NSF check 280 19, 140 14,540 Service charge 60 14, 480. 14,480 Cash (A) Debit Credit May 1 Balance 18,800 May 1 8,000 11,000 May 7 10,000 6,000 #301 May 2 #302 May 4 May 29 6,000 500 # 303 May 11 4.600 #304 May 23 1,300 #305 May 29 May 31 Balance 19,400 3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger?
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