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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

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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 $19,600. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. withdrawals Deposits $ 8,800 Balance, May 1 May 2 May 5 May 2 May 8 # 301 $11,800 #302 5,600 le.ee Balance $19,600 28,400 16,6ee 11, see 21, Bee 2e,420 28,548 20,188 14,788 14,720 14,720 May 14 303 588 128 May 17-Interest Earned May 22-NSF cheque May 3e May 31-Service charges Balance, May 31 36e 5,480 68 + Cash (A) Balance May 1 May 1 May 7 May 29 19,6ee 8,888 10,880 4,800 11,800 5,600 58 May 62 1381 May 04 302 May 11 1383 May 30 304 May 29 385 5,400 1,380 May 31 Balance 18,440 Required: 1. Prepare a bank reconciliation for May Bank Statement Ending balance per bank statement Additions MARTIN COMPANY Bank Reconciliation At May 31 Company's Books Ending balance per Cash account Additions Deductions Deductions Up-to-date cash balance Up-to-date cash balance 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 field.) View transaction list Journal entry worksheet A B Record the interest earned on May 17. Note: Enter debits before credits. General Journal Debit Date May 17 Credit 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? Cath balance 4. If the company also has $58 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

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