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 $5,280 Cash Balance Cash May 1, 2021 + Receipts $5,370 $11,590 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales Sales 5/24 Sales 5/31 Sales Amount $ 1,370 1,800 2,430 2,900 3,090 5/17 Cash Disbursements $11,680 Cash Disbursements Check# Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Date 5/7 5/12 5/15 5/22 5/30 5/31 Amount $ 1,210 1,580 3,510 1,418 460 3,510 $11,680 $11,590 Member FDIC 7772854360 May 31, 2021 Ending Balance May 31, 2021 $6,471 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, 170 7 $9,6729 $9,371 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 5/4 $1.370 DEP 5/1 469 $ 460 CHK 5/11 1,800 DEP 5/2 470 340 CHK 5/18 2,430 DEP 5/9 471 1,210 CHK 5/20 1,100 NOTE 5/11 310 NSF 5/20 51 INT 5/12 472 1.580 CHK 5/25 2,900 5/18 3,510 CHK 5/31 21 INT 5/20 EFT 5/25 1,410 5/31 $ 9,672 $9, 371 5/2 Daily Balance Date Amount 5/1 $5,710 5,370 5/4 6,740 5/9 5,530 5/11 7,020 5/12 5,440 5/18 4,360 5/20 5,001 5/25 6,491 5/31 $6,471 DEP 510 CHK SF RUIE HERE LA LISTA CHECK or S u mers Required information a. The difference in the beginning balances in the company's records and the bank statement relates to checks 1469 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 Journal entry worksheet Record the amounts that increase cash. Note: Enter debits before credits Transaction General Journal Debit Credit