The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May...

  

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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) are below.. Martin Company's bank reconciliation at the end of April showed a cash balance of $18,800. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Checks BANK STATEMENT Deposits Other Balance, May 1 May 2 $ 8,000 May 5 Balance $ 18,800 26, 800 May 7 #301 #302 $ 11,000 6,000 May 8 10,000 May 14 15, 800 9,800 19,800 #303 500 May 17 May 22 May 27 #304 4,600 May 31 Balance, May 31 19, 300 Interest earned $ 120 19, 420 NSF check 280 19, 140 14,540 Service charge 60 14, 480. 14,480 Cash (A) Debit Credit May 1 Balance 18,800 May 1 8,000 11,000 May 7 10,000 6,000 #301 May 2 #302 May 4 May 29 6,000 500 # 303 May 11 4.600 #304 May 23 1,300 #305 May 29 May 31 Balance 19,400 3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? 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) are below.. Martin Company's bank reconciliation at the end of April showed a cash balance of $18,800. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Checks BANK STATEMENT Deposits Other Balance, May 1 May 2 $ 8,000 May 5 Balance $ 18,800 26, 800 May 7 #301 #302 $ 11,000 6,000 May 8 10,000 May 14 15, 800 9,800 19,800 #303 500 May 17 May 22 May 27 #304 4,600 May 31 Balance, May 31 19, 300 Interest earned $ 120 19, 420 NSF check 280 19, 140 14,540 Service charge 60 14, 480. 14,480 Cash (A) Debit Credit May 1 Balance 18,800 May 1 8,000 11,000 May 7 10,000 6,000 #301 May 2 #302 May 4 May 29 6,000 500 # 303 May 11 4.600 #304 May 23 1,300 #305 May 29 May 31 Balance 19,400 3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger?