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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
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.) BANK STATEMENT Date May 1 Checks Deposits Other May 4 May 12 #2 $ 90 $ 130 #4 180 NSF check May 28 #5 100 May 30 #6 95 520 May 31 #8 135 Service charge Cash (A) Debit Credit May 1 520 May 3 130 90 May 3 #2 90 May 4 #3 180 May 8 #4 100 May 11 #5 95 May 21 #6 May 29 520 105 May 29 #7 May 30 310 135 May 30 #8 May 31 685 Balance $ 520 560 $ 130 250 150 575 85 355 Cash (A) Debit Credit May 1 520 May 3 130 90 May 3 #2 90 May 4 #3 180 May 8 #4 100 May 11 #5 95 May 21 #6 May 29 520 105 May 29 #7 May 30 310 135 May 30 #8 May 31 685 View transaction list Journal entry worksheet 1 2 Record bank service charges. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet 1 2 Record customer check returned due to insufficient funds. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit View general journal Record entry Clear entry
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