The cash records and bank statement for the month of May for Diaz Entertainment are shown below. Receipts $11,940 Cash Receipts DZAE ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Disbursements $12,100 Cash Disbursements Desc. Cash Balance Cash May 1, 2021 $5,300 Date Desc Amount Date Checke 5/3 Sales $ 1,440 5/7 471 5/10 Sales 2,870 5/12 472 5/17 Sales 2,500 5/15 473 5/24 Sales 2,970 5/22 474 5/31 Sales 3,160 5/30 475 Supplies 5/31 476 Salaries $11,940 Legal fees Property tax Salaries Advertising Cash Balance May 31, 2021 $5,140 Amount $ 1,280 1,650 3,580 1,480 530 3,580 $12,100 P.O. Box 162647 Bowlegs, OK 74830 (405) 369-CASH Account Holder: Midwest Bank Looking Out For You Diaz Entertainment 124 Saddle Blvd, Bowlegs, OK 74830 Member FDIC Account Number: Statement Date: 7772854360 May 31, 2021 Account Summary Withdrawals and Beginning Balance May 1, 2021 $6,240 Deposits and Credits Deposits and Credits Debits Ending Balance NO. 7 Total $10,066 NO. 9 Total $9,938 May 31, 2021 $6,368 Account Details Withdrawals and Debits Daily Balance Date Amount Desc. Date No. Amount Desc. Date Amount 5/4 $ 1,440 DEP 5/1 469 $ 530 CHK 5/1 $5,710 5/11 1,870 DEP 5/2 470 410 CHK 5/2 5,300 5/18 2,500 DEP 5/9 471 1,280 CHK 5/4 6,740 5/20 1,200 NOTE 5/11 380 NSF 5/9 5,460 5/20 58 INT 5/12 472 1,650 CHK 5/11 6,950 5/25 2,970 DEP 5/18 473 3,580 CHK 5/12 5,300 5/31 28 INT 5/20 580 EFT 5/18 4,220 5/25 474 1,480 CHK 5/20 4,898 5/31 48 SF 5/25 6,388 $10,066 $9,938 5/31 $6,368 Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned 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, 2021 (prior month). 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. 2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Total entries to the same account together when entering in the journal entry carousel.) View transaction list View journal entry worksheet No 1 Transaction General Journal Cash Notes Receivable Interest Revenue 2 2 Accounts Receivable Service Fee Expense Cash Debit Credit 1,190 1,100 90 400 50 450