The cash records and bank statement for the month of May for Diaz Entertainment are shown below Cash Balance May 2021 $5480 DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance Cash May 1, 2021 + Cash Receipts Disbursements $5,470 $11,090 $21,080 Cash Receipts Cash Disbursements Date Desc. Amount Date Check Desc 5/3 Sales $ 1.270 5/2 421 Legal fees 5/10 Sales 1,700 5/12 422 Property tax 5/17 Sales 2,330 5/15 473 Salaries 5/24 Sales 2,800 5/22 474 Advertising 5/31 Sales 2.990 5/30 475 Supplies 5/31 476 Salaries $11,99 Amount $ 1.110 1,480 3,410 1310 362 3,410 $11,080 Honher vore 7772854360 May 31, 2021 Endine Balance May 31, 2021 56.761 P.O. Box 162647 Bowlegs, OK 74830 Midwest Bank (405) 369-CASH Looking Out For You Account Holder: Dia Entertainment Account Number: 124 Saddle Blvd Bowlegs,ORI 430 Statement Datet Account Sunary Beginning Balance Deposit and credits Withdrawals and Debits May 1, 2021 NO Total NO Total $6,070 7 39252 9 $8.561 Account Details Deposits and Credits Withdrawal and Debits Date Amount Desc Date No, Amount Desc 5/4 $ 1,270 DEP 5/1 469 $360 CHK 5/11 1,706 DEP 5/2 478 2.10 CHK 5/18 2,330 DEP 5/9 471 1, 110 CHK 5/20 1,100 NOTE 5/11 210 NSF 5/20 41 INT 5/12 472 1,480 CHK 5/25 2,800 DEP 5/18 473 3,410 CHK 5/31 11 INT 5/20 410 EFT 5/25 474 1,310 CHE 5/31 31 SF $ 9,252 $8,561 Daily Balance Date Amount 5/1 $5,710 5/2 5.470 5/4 6,740 5/9 5,630 5/11 7.120 5/12 5.649 5/18 4.560 5/20 5.291 5/25 6,781 5/31 $6,761 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 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 Company balance per reconciliation Bank balance per reconciliation