Question

Problem 4-3A Prepare the bank reconciliation and record cash adjustments (L04-5) [The following information applies to the questions displayed below.) The cash records and bank statement for the month of May for Diaz Entertainment are shown below. DIAZ ENTERTAINMENT Cash Account Records May 1, 2018, to May 31, 2018 Cash Balance May 1, 2018 Cash Balance May 31, 2018 + Deposits Checks $5,280 $12,040 $12,220 $5,100 Deposits Checks Date Desc Amount Date No. Desc. Amount 5/3 5/10 5/17 5/24 5/31 Sales Sales Sales Sales Sales $ 1,460 1,890 2,520 2.990 3,180 5/7 471 5/12 472 5/15 473 5/22 474 5/30 475 5/31 476 Legal fees Property tax Salaries Advertising Supplies Salaries $ 1,300 1,670 3,600 1,500 550 3,600 $12,040 $12,220 $12000 $12,220
The second two pictures are the questions I need help with. I started to fill in the first question but don't know if it is correct. Thanks!

Answer 1

1)
DIAZ ENTERTAINMENT
Bank Reconciliation
May 31, 2018.
Bank's Cash Balance		Company's Cash Balance
Per bank statement	$6,210	Per general ledger	$5,100
Add: Deposits outstanding	$3,180	Add: Interest earned ($60 + $30)	$90
Less: Checks outstanding	($3,600)	Add: Note collected	$1,100
Add: Bank error ($5,840 - [$6,210+$3,180-$3,600])	$50	Less: NSF check	($400)
		Less: Service fees	($50)
Bank balance per reconciliation	$5,840	Company balance per reconciliation	$5,840

2) Journal Entries
	Account Titles and Explanations	Debit	Credit
May 31.	Cash	$90
	Interest Receivable		$90
	(To record the interest earned)
May 31.	Cash	$1,100
	Notes Receivable		$1,100
	(To record the collection of notes receivable)
May 31.	Accounts Receivable	$400
	Cash		$400
	(To record the NSF check)
May 31.	Service Fees	$50
	Cash		$50
	(To record the payment of service fees)