[The following information applies to the questions displayed below.] 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 Cash Balance Cash May 1, 2021 $5,380 May 31, 2021 $5,300 Cash Receipts $11,540 Cash Receipts Desc. Sales Sales Date Amount Date 5/3 5/7 Disbursements $11,620 Cash Disbursements Check Desc 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries 5/10 5/12 Amount $ 1200 1.570 3.500 1,400 450 $ 1360 1790 2.420 2,890 3,080 5/17 Sales 5/15 5/24 5/22 Sales Sales 5/31 5/30 5/31 3,500 $ 11,620 $ 11,540 P.O. Box 162647 Midwest Bank Member FDIC Looking Out For You Bowlegs, OK 74830 (405) 369-CASH Account Holder: 7772854360 May 31, 2021 Diez Entertainment Account Number: 124 Saddle Blvd, Bowlegs, OK 74830 Statement Date: Account Summary Deposits and Credits Withdrawals and Debits Total NO. Total 7 $9,530 9 $9,290 Beginning Balance May 1, 2021 $6.160 NO. Ending Balance May 31, 2021 $6,400 Account Details Withdrawals and Debits Date Date No. Amount Desc. Date 5/4 5/1 469 CHK 5/1 5/11 DEP 5/2 470 $ 450 330 1,200 CHK 5/2 Deposits and Credits Amount Desc $ 1,360 DEP 1,790 2.420 DEP 1,000 NOTE 50 INT 2.890 DEP 20 INT 5/B 5/9 471 CHK 5/4 5/20 5/11 300 5/9 Daily Belence Amount $ 5,710 5,380 6,740 5.540 7,030 5,460 4,380 4,930 6,420 5/20 472 5/11 NSF CHK CHK EFT 5/12 5/18 5/20 5/25 1,570 3,500 500 473 5/12 5/31 5/18 5/25 474 CHK 5/20 1.400 40 5/31 SF 5/25 $ 9,530 $9.290 5/31 $ 6.400 Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned SF Service fees CHK Customer check 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 a minus sign. Total entries to the same account together when entering in the bank reconciliation.) DIAZ ENTERTAINMENT Bank Reconciliation Bank's Cash Balance May 31, 2021 Company's Cash Balance Per general ledger Per bank statement Bank balance per reconciliation Company balance per reconciliation