Question

Required information [The following information applies to the questions displayed below.] The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized). Martin Company's bank reconciliation at the end of April showed a cash balance of $22,400. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. BANK STATEMENT Checks Deposits Other $ 9,000 #301 $12,000 #302 7,600 11,000 Balance, May 1 May 2 May 5 May 7 May 8 May 14 May 17 May 22 May 27 May 31 Balance, May 31 #303 580 Balance $ 22,400 31,400 19,400 11,800 22,800 22,220 22,420 22,060 16,660 16,560 16,560 Interest NSF check $200 360 #304 5,400 Service charge 100

Answer 1

		Debit	Credit
1	Cash	200
	Interest revenue		200
2	Accounts receivable	360
	Cash		360
3	Bank service charge expense	100
	Cash		100