Question

DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5,200 Cash Balance Cash May 1, 2021 + Receipts $5,330 $11,790 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,410 1,840 2,470 2,940 3,130 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursements $11,920 Cash Disbursements Check Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount $ 1,250 1,620 3,550 1,450 500 3,550 $11,920 $11,790 Member FDIC 7772854360 May 31, 2021 NO. P.O. Box 162647 Midwest Bank Bowlegs, OK 74830 Looking Out For You (405) 369-CASH 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 Total NO. Total $6,210 7 $9,940 9 $9,695 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 5/4 $ 1,410 DEP 5/1 469 $ 500 CHK 5/11 1,840 DEP 5/2 470 380 CHK 5/18 2,470 DEP 5/9 471 1,250 CHK 5/20 1,200 NOTE 5/11 350 NSF 5/20 55 INT 5/12 472 1,620 CHK 5/25 2,940 DEP 5/18 473 3,550 CHK 5/31 25 INT 5/20 550 EFT Ending Balance May 31, 2021 $6,455 Daily Balance Date Amount 5/1 $5,710 5/2 5,330 6, 740 5/9 5,490 5/11 6,980 5/12 5,360 5/18 4,280 5/4

Answer 1

1

Diaz Entertainment
Bank Reconciliation
31-May-21
Bank's Cash Balance	Company's Cash Balance
As per Bank Statement	6,455	As per General Ledger	5,200
Deposit Outstanding	3,130	Interest Earned	80
Check Outstanding	(4,050)	Notes Collected	1,200
Error by Bank	550	NSF	(350)
		Service Fee	(45)
Bank balance as per reconciliation	6,085	Company Balance as per reconciliation	6,085

2

Date	Accounts and Explanation	Debit	Credit
31-May	Cash	1,280
	Notes Recievable		1,200
	Interest Revenue		80
31-May	Accounts Receivable	350
	Service Fee Expense	45
	Cash		395

80 = 55 + 25