The cash records and bank statement for the month of May for Diaz Entertainment are shown below. DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5,240 Cash Balance Cash May 1, 2021 + Receipts $5,350 $11,690 Cash Receipts Date Desc 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,390 1,820 2,450 2,920 3,110 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursements $11,800 Cash Disbursements Check# Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount $ 1,230 1,600 3,530 1,430 480 3,530 $11,800 $11,690 Member FDIC 7772854360 May 31, 2021 Ending Balance May 31, 2021 $6,313 P.O. Box 162647 Midwest Bank Bowlegs, OK 74830 Looking Out For You (405) 369-CASH Account Holder: Diaz Entertainment Account Number: 124 Saddle Blvd, Bowlegs, OK 74830 Statement Date: Account Summary Withdrawals and Beginning Balance Deposits and Credits Debits May 1, 2021 NO. Total NO. Total $6,190 7 $9,656 9 $9,533 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date Amount Desc. 5/4 $ 1,390 DEP 5/1 469 $ 480 CHK 5/11 1,820 DEP 5/2 470 360 CHK 5/18 2,450 DEP 5/9 471 1,230 CHK 5/20 1,000 NOTE 5/11 NSF 5/20 53 INT 5/12 472 5/25 1,600 2,920 DEP 5/18 473 3,530 5/31 CHK 23 INT 5/20 530 EFT 5/25 474 1,430 CHK 5/31 43 SF $ 9,656 $9,533 No. 330 CHK Daily Balance Date Amount 5/1 $5,710 5/2 5,350 5/4 6,740 5/9 5,510 5/11 7,000 5/12 5,400 5/18 4,320 5/20 4,843 5/25 6,333 5/21 Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SF Service fees NSF Nonsufficient funds Additional information: 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. Required: 1. Prepare a bank reconciliation for Diaz's checking account on May 31, 2021. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.) DIAZ ENTERTAINMENT Bank Reconciliation May 31, 2021 Company's Cash Balance Per general ledger Bank's Cash Balance Per bank statement Bank balance per reconciliation Company balance per reconciliation