Use the following bank statement and T$-$account to prepare any journal entries needed as a result of the May $31$ bank reconciliation. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

$\backslash$table$[[,$Cash $($A$),],[$May $1,$Debit,Credit$],[$May $3,400,60,$May $3$#$2$