[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 Cash May 1, 2021 + Receipts Disbursements May 31, 2021 $5,320 $11,840 $11,989 $5,180 Cash Receipts Cash Disbursements Date Desc. Amount Date Check# Desc. Amount 5/3 Sales $ 1,420 5/7 471 Legal fees $ 1,260 5/10 Sales 1,850 5/12 472 Property tax 1,630 5/17 Sales 2,480 5/15 473 Salaries 3,560 5/24 Sales 2,950 5/22 474 Advertising 1,460 5/31 Sales 3,140 5/30 475 Supplies 510 5/31 476 Salaries 3,560 $11,840 $11,980 Member FDIC P.O. Box 162647 Bowlegs, OK 74830 (405) 369-CASH Account Holder: 7772854360 Midwest Bank Looking Out For You Diaz Entertainment Account Number: 124 Saddle Blvd, Bowlegs, OK 74830 Statement Date: Account Summary Withdrawals and Deposits and Credits Debits NO. Total NO. Total 7 $9,782 9 $9,776 May 31, 2021 Beginning Balance May 1, 2021 $6,220 Ending Balance May 31, 2021 $6,226 Member FDIC 7772854360 May 31, 2021 Ending Balance May 31, 2021 $6,226 P.O. Box 162647 Midwest Bank Bowlegs, OK 74830 (485) 369-CASH Looking Out For You Account Holder: Diaz Entertainment Account Number: 124 Saddle Blvd, Bowlegs, OK 74830 Statement Date: Account Summary Withdrawals and Beginning Balance Deposits and Credits Debits May 1, 2021 NO. Total NO. Total $6,220 7 $9, 782 9 $9,776 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 574 $ 1,420 DEP 5/1 469 $ 510 CHK 5/11 1,850 DEP 5/2 470 390 CHK 5/18 2,480 DEP 5/9 471 1,260 CHK 5/20 1,000 NOTE 5/11 360 NSF 5/20 56 INT 5/12 472 1,630 CHK 5/25 2,950 DEP 5/18 473 3,560 CHK 5/31 26 INT 5/20 560 EFT 5/25 474 1,460 CHK 5/31 46 SF $ 9,782 $9,776 Daily Balance Date Amount 5/1 $5,710 5/2 5,320 6,740 5/9 5,480 5/11 6,970 5/12 5,340 5/18 4,260 5/20 4,756 5/25 6,246 5/31 $6,226 Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SF Service fees NSF Nonsufficient funds Additional information: 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. Problem 4-3A Part 1 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 May 31, 2021 Company's Cash Balance Per general ledger Bank's Cash Balance Per bank statement Bank balance per reconciliation Company balance per reconciliation 4. RECUIU VIHDOy Last auju. To ny require Tor Brand LIVRECE NU JUU CHY Reyore WUR first account field. Total entries to the same account together when entering in the journal entry carousel.) View transaction list Journal entry worksheet 2 Record the amounts that increase cash. Note: Enter debits before credits General Journal Dobit Transaction 1 Credit Required information 2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" in th first account field. Total entries to the same account together when entering in the journal entry carousel.) View transaction list Journal entry worksheet