The cash records and bank statement for the month of May for Diaz Entertainment are shown below. DIAZ ENTERTAINMENT Cash Account Records May 1 2018, to May 31, 2018 Cash Balance May 1, 2018 Deposits Checks Cash Balance May 31, 2018 $5.410 $11,390 $11.440 $5,360 Deposits Checks Date Desc Amount Date No Desc Amount 5/12 5/3 5/10 5/17 5/24 5/31 Sales Sales Sales Sales Sales $ 1330 1760 2,390 2,860 3,050 5/7 471 472 5/15 473 5/22 474 5/30 475 5/31 476 Legal fees Property tax Salaries Advertising Supplies Salaries $ 1170 1540 3.470 1370 420 3.470 $11,390 $11.440 PO BOX 162647 Bowlegs, OK 74830 (405) 369 CASH MIDWEST BANK Looking Out For You Member FDIC Account Holder Account Number 7772854360 Diaz Entertainment 124 Saddle Blvd Bowlegs, OK 74830 Statement Date: May 31 2018 Beginning Balance Deposits and Credits Withdrawals and Debits Ending Balance May 1, 2018 No Tot No Total May 31, 2018 $ 6,130 Deposits and Credits 7 $9.504 9 $9,047 Withdrawals and Debits $6,587 Dally Balance Date Amount Desc Date No Amount Desc Date Amount 469 470 471 5.4 5/11 5/18 5/20 5/20 5/25 5/31 $ 1330 1760 2390 1100 47 2860 17 DEP DEP DEP NOTE INT DEP INT 5/1 5/2 5/9 5/11 5/12 5/18 5/20 5/25 5/31 $ 420 300 1170 270 1540 3.470 470 1370 37 CHK CHK CHK NSF CHK CHK 472 473 5/1 5/2 514 5/9 5/11 5/12 5/18 5/20 5/25 5/31 $5710 5,410 6740 5,570 2060 5.520 4.440 5117 6 607 $ 6.587 EFT 474 CHK SF $ 9,504 $9,047 Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SF Service fees NSF Nonsufficient funds Required: 1. Prepare a bank reconciliation for Diaz's checking account on May 31, 2018. (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, 2018 Company's Cash Balance Per general ledger Bank's Cash Balance Per bank statement Bank balance per reconciliation Company balance per reconciliation 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