[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, 2018, to May 31, 2018

Cash Balance

May 1, 2018 + Deposits - Checks = Cash Balance

May 31, 2018

$5,360 $11,640 $11,740 $5,260

Deposits Checks

Date Desc. Amount Date No. Desc. Amount

5/3 Sales $1,380 5/7 471 Legal fees $1,220

5/10 Sales 1,810 5/12 472 Property tax 1,590

5/17 Sales 2,440 5/15 473 Salaries 3,520

5/24 Sales 2,910 5/22 474 Advertising 1,420

5/31 Sales 3,100 5/30 475 Supplies 470

5/31 476 Salaries 3,520

$11,640 $11,740

P.O. Box 162647

Bowlegs, OK 74830

(405) 369-CASH MIDWEST BANK

Looking Out For You Member FDIC

Account Holder: Diaz Entertainment

124 Saddle Blvd.

Bowlegs, OK 74830 Account Number:

Statement Date: 7772854360

May 31, 2018

Beginning Balance Deposits and Credits Withdrawals

and Debits Ending Balance

May 1, 2018 No. Total No. Total May 31, 2018

$ 6,180 7 $ 9,814 9 $ 9,452 $ 6,542

Deposits and Credits Withdrawals and Debits Daily Balance

Date Amount Desc. Date No. Amount Desc. Date Amount

5/4 $ 1,380 DEP 5/1 469 $470 CHK 5/1 $ 5,710

5/11 1,810 DEP 5/2 470 350 CHK 5/2 5,360

5/18 2,440 DEP 5/9 471 1,220 CHK 5/4 6,740

5/20 1,200 NOTE 5/11 320 NSF 5/9 5,520

5/20 52 INT 5/12 472 1,590 CHK 5/11 7,010

5/25 2,910 DEP 5/18 473 3,520 CHK 5/12 5,420

5/31 22 INT 5/20 520 EFT 5/18 4,340

5/25 474 1,420 CHK 5/20 5,072

5/31 42 SF 5/25 6,562

5/31 $ 6,542

$ 9,814 $9,452

Desc.DEP Customer depositINT Interest earnedSF Service fees

NOTE Note collectedCHK Customer checkNSF 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 #469 and #470, which are outstanding as of April 30, 2018 (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.