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[The following information applies to the questions displayed below] The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May
[The following information applies to the questions displayed below] The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized) are below. Martin Company's bank reconciliation at the end of April showed a cash balance of $17,000 No deposits were in transit at the end of April, but a deposit was in transit at the end of May Balance, May 1 May 2 May 5 May 7 May 8 May 14 May 17 May 22 May 27 May 31 Balance, May 31 May 1 May 1 May 7 May 29 May 31 Debit Balance Balance #301 #302 #303 #304 Checks Total Amount of Cash and Cash Equivalents $ 10,000 5,200 Cash (A) 17,000 7,000 9,000 5,200 17,440 460 4,200 BANK STATEMENT Deposits $ 7,000 10,000 5,200 460 4,200 900 9,000 $ 17,490 wwwwwww Interest earned NSF check Service charge Credit Other # 301 May 2 #302 May 4 # 303 May 11 #304 May 23 #305 May 29 $ 100 240 60 4. If the company also has $50 of petty cash on hand, which is recorded in a different account called Petty Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the balance sheet at the end of May? Balance $ 17,000 24,000 14,000 8,800 17,800 17,340 17,440 17, 200 13,000 12,940 12,940
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