The cash records and bank statement for the month of May for Diaz Entertainment are shown below DIAZ ENTERTAINMENT Cash Account Records May 1, 2015, to May 31, 2015 Cash Balance Cash Balance May 31, 2015 May 1, 2015Deposits $11,940 $12,100 Date Desc. Date No. 7 471 Legal fees 5/12 472 Property tax 15 473 Salaries 5/22 474 Advertising 5/30 475 Supplies 5/31 476 Salaries 5/3 5/10 1440 1,280 Sales 2,500 2.970 3,580 S11,940 $12,100 P.O. Bax 162647 Bowlegs, OK 74830 (405) 369-CASH MIDWEST BANK Looking Out For You Member FDIC Account Number:72854360 Diaz Entertainment 124 Saddle Blvd Bowlegs, OK 74830 Account Holder: Statement Date: May 31, 2015 Deposits and Credits and Debits Beginning Balance May 1, 2015 5 6.240 Ending Balance May 31, 2015 S 6.368 $ 10,066 9 $ 9.938 Deposits and Credits Withdrawals and Debits Daily Balance Desc. Date Amount Desc Date 469 470 $ 5,710 $1440 DEP 1870 DEP 2,500 DEP $530 OK 5/1 410 CHK /2 1,280 CHK 5/4 380 NSF 5/9 1.650 5/11 3.580 5/12 580 EFT 5/18 1480 CHK 5/20 5/9 5/20 5/20 5/25 1200 NOTE 5/11 5.460 6.950 58 INT 472 2.970 DEP 4.220 4,898 6,388 6,368 28 INT 5/25 48 SF 5/25 $10,066 $9,938 Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest eaned CHK Customer check SF Service fees NSF Nonsufficient funds a. The difference in the beginning balances in the company's records and the bank statement relates to checks #469 and #470, which are outstanding as of April 30, 2015. b. The bank made the EFT on May 20 in error The bank accidentally charged Diaz for payment that should have been made on another account