Question

Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5, 120 Cash Balance Cash May 1, 2021 + Receipts $5,290 $11.990 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,450 1,880 2,510 2,980 3,170 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursementa $12,160 Cash Disbursements Check! Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount S 1.290 1, 660 3,590 1,490 540 3,590 $12,160 $11.990 P.O. Box 162647 Midwest Bank Member FDIC Bowlegs, OK 74830 Looking Out For You (405) 369-CASH Account Holder: Diaz Entertainment Account Number: 7772854360 124 Saddle Blvd, Bowlegs, OK 74830 Statement Date: May 31, 2021 Account Summary Beginning Balance Deposit and Credits Withdrawals and Debits Ending Balance May 1, 2021 NO. Total NO. Total M ay 31, 2021 $6,250 7 $9,9039 $10,019 6,139 Account Details : Deposits and Credits Withdrawals and Debits Daily Balance ount Desc. Date mount Date Amount 5/4 $1,950 DEP 5/1 469 CHK 5/1 55, 710 5/11 1,80 DEP 5/2 470 420 CHK 5/2 5,290 5/18 2,510 5/9 1.290 CHK 6, 740 5/20 1,000 NOTE 5/11 390 NSE 5/9 5, 450 5/20 5/12 1,660 CHK 5/11 6,940 5/25 2,980 DEP 5/10 3,590 CHK 5/12 5,280 5/31 INT 5/20 5/18 1.200 5/25 1,490 CHK 5/20 4,669 5/31 ST 5/25 6,159 $ 9,900 $10,019 5/31 56,139 Date 540 DEP 5/4 59 590 Desc. DEP Customer deposit NOTE Note collected EFT Electronic Funds Transfer INT Interest earned SP Service fees CHK Customer check NSP Nonsurficient funds 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)

Answer 1

RANKA PIA2 ENTERTAINMENT Bank Recenciliation May 31st 2021 Bank's Cash Balance pey Bank Statement Add Deposit in transit 3120 $6139 3190 9309 Lers Ols Checks Check #475 540 Cheek # 476 3590 Bank Balance per reconulaher - 4130 5149 5120 Company's Cash Balance As per General ledger Add Receivables collected by Bank TOUD Interteamed (59+29) 88 1088 6208 Less Deductions NSF EU en EFT 390 590 SE 49 - 1629 5179 as pre Company balance "Reconciliation