[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. Cash Balance DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Disbursements Cash Balance May 1, 2021 + $5,280 Cash Receipts $12,040 $12,220 Cash Receipts Date Desc. Amount Date Check# 5/3 Sales $ 1,460 5/7 4711 5/10 Sales 1,890 5/12 472 5/17 Sales 2,520 5/15 473 Salaries 5/24 Sales 2,990 5/22 474 Cash Disbursements Desc. Legal fees Property tax Advertising May 31, 2021 $5,100 Amount $ 1,300 1,670 3,600 1,500 5/31 Sales 3,180 5/30 475 5/31 476 Supplies Salaries 550 $12,040 3,600 $12,220 NO. 7 P.O. Box 162647 Bowlegs, OK 74830 (405) 369-CASH Account Holder: Beginning Balance May 1, 2021 $6,260 Midwest Bank Looking Out For You Diaz Entertainment 124 Saddle Blvd, Bowlegs, OK 74830 Deposits and Credits Withdrawals and Debits Member FDIC Account Number: Statement Date: Account Summary Deposits and Credits Withdrawals and Debits Total NO. Total $10,050 9 $10,100 7772854360 May 31, 2021 Ending Balance May 31, 2021 $6,210 Account Details Daily Balance Date Amount Dese. Date No. Amount Desc. Date Amount 5/4 5 1,460 DEP 5/1 469 $ 550 CHK 5/1 $5,710 5/11 1.890 DEP 5/2 470 430 5/2 5.280