The cash records and bank statement for the month of May for Diaz Entertainment are shown below. Cash Balance May 31, 2021 $5,400 Cash Balance Cash May 1, 2021 + Receipts $5,438 $11,298 Cash Receipts Date Desc. 5/3 Sales Sales 5/17 Sales 5/24 Sales 5/31 Sales DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Disbursements $11,320 Cash Disbursements Amount Date Check Desc. $ 1,310 5/7 471 Legal fees 1,740 5/12 472 Property tax 2,370 5/15 473 Salaries 2,840 5/22 474 Advertising 3,030 5/30 475 Supplies 5/31 476 Salaries $11,290 5/10 Amount $ 1,150 1,520 3,450 1,350 4ee 3,450 $11,320 Member FDIC 7772854360 May 31, 2021 NO. 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 Total $6,110 7 59,320 9 58,885 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc Date Amount Desc 574 $ 1,310 DEP 5/1 469 5/11 $400 CHK 1,740 DEP 5/2 470 280 CHIK 5/18 2,370 DEP 5/9 471 1,150 5/20 CHK 1,000 NOTE 5/11 250 5/20 45 NSF INT 5/12 472 1,520 CHK 5/25 2,840 DEP 5/18 5/31 473 3,450 CHK 15 INT 5/20 450 EFT 5/25 474 1,350 CHK NO. Ending Balance May 31, 2021 $6,545 Daily Balance Date Amount 571 $5,710 5/2 5,430 5/4 6, 740 579 5,590 5/11 7,080 5/12 5,560 5/18 4,480 5/20 5,075 Member FDIC 7772854360 May 31, 2021 NO. Ending Balance May 31, 2021 $6,545 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 Total $6, 110 7 $9,320 9 $8,885 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 5/4 $ 1,310 DEP 5/1 469 $ 400 5/11 CHK 1,748 DEP 5/2 470 5/18 280 2,370 DEP CHK 5/9 471 5/20 1,000 NOTE 1,150 CHK 5/11 250 5/20 45 NSF INT 5/12 472 5/25 2,840 1,520 DEP CHK 5/18 473 5/31 15 CHK INT 3,450 5/20 450 EFT 5/25 1,350 CHK 5/31 35 $9,320 SF $8,885 5/4 Daily Balance Date Amount 5/1 $5,710 5/2 5,430 6,740 5/9 5,590 5/11 7,080 5/12 5,560 5/18 4,488 5/20 5,075 5/25 6,565 5/31 $6,545 474 Desc. DEP Custoner deposit INT Interest earned SF Service fees NOTE Note collected CHK Customer check NSF Nonsufficient funds EFT Electronic funds transfer Additional information: a. The difference in the beginning balances in the company's records and the bank statement relates to checks 2469 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 Dioz for payment that should have been made on another account 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 Journal entry worksheet 2 Record the amounts that increase cash. Not: Enter debits before credit Transaction General Journal 1 Debit Credit Record entry Clear entry View general Journal 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
