The cash records and bank statement for the month of May for Copperfield Entertainment are shown below. Cash Balance May 1, 2024 $5,440 Cash Receipts + $11,240 Cash Receipts Date 5/3 5/10 5/17 5/24 5/31 COPPERFIELD ENTERTAINMENT Cash Account Records May 1, 2024, to May 31, 2024 Description Amount Date 5/7 Sales $1,300 Sales 1,730 5/12 Sales 2,360 5/15 Sales 2,830 5/22 Sales 3,020 5/30 5/31 $11,240 Cash Disbursements $11,260 Cash Disbursements Description DC DC DC DC CHK number 471 CHK number 472 Memo Legal fees Property tax Salaries Advertising Supplies Salaries Cash Balance May 31, 2024 $5,420 Amount $1,140 1,510 3,440 1,340 390 3,440 $11,260

The cash records and bank statement for the month of May for Copperfield Entertainment are shown below. Description DEP Customer deposit INT Interest earned SF Service fees NOTE Note collected CHK Customer check NSF Nonsufficient funds EFT Electronic funds transfer DC Debit card Description DEP Customer deposit INT Interest earned SF Service fees NOTE Note collected CHK Customer check NSF Nonsufficient funds EFT Electronic funds transfer DC Debit card Additional information: a. The difference in the beginning balances in the company's records and the bank statement relates to checks number 469 and number 470 , which are outstanding as of April 30,2024 (prior month). b. The bank made the EFT on May 20 in error. The bank accidentally charged Copperfield for payment that should have been made on another account. Required: 1. Prepare a bank reconciliation for Copperfield's checking account on May 31, 2024. 2. Record the necessary cash adjustments. \begin{tabular}{|l|c|c|l|l|l|} \hline & No & Transaction & \multicolumn{1}{|c|}{ Genoral Journal } & Debit & Credit \\ \hline & A & 1 & Cash & & \\ \hline & & Notes Recelvable \\ \hline & & Interest Revenue & \\ \hline & B & 2 & Accounts Receivable & \\ \hline & & Service Fee Expense & \\ \hline & Cash & \\ \hline \end{tabular}