3 33.34 points eBook 10 Problem 4-3A (Algo) Prepare the bank reconciliation and record cash adjustments (LO4-5) The cash records and bank statement for the month of May for Houdini Entertainment are shown below. Cash Balance May 1, 2024 $5,400 Date Cash Receipts +$13,440 Cash Receipts HOUDINI ENTERTAINMENT Cash Account Records May 1, 2024, to May 31, 2024 Description Amount Date Sales $1,340 5/7 Cash Disbursements $11,500 Cash Disbursements He Description 5/3 DC Print 5/10 Sales 1,770 5/12 DC 5/17 Sales 2,400 5/15 DC 5/24 Sales 2,870 5/22 DC References 5/31 Sales 3,010 5/30 5/31 CHK number 471 CHK number 472 $11,440 Legal fees Property tax Salaries Advertising Supplies Salaries Cash Balance May 31, 2024 $5,340 Amount $1.180 1,550 3,480 1,380 430 3,400 $11,500 Date P.O. Box 162647 Bowlegs, OK 24830 (405) 369-CASH Account Holder Beginning Balance May 1 2024 $6,140 Deposits and Credits Amount Description Midwest Bank Looking Out For You Houdini Entertainment 124 Saddle Blvd, Bowlegs, OK 74830 Account Number: Statement Dates Account Summary Deposits and Credits withdrawals and Debits Number 3 Total Number Total 19,446 $9,126 Member FDIC 7772854360 May 31, 2024 Ending Balance May 31, 2024 $6,458 Account Details withdrawals and Debits Date Number Amount 5/4 $1,340 DEP 5/3 469 $430 5/11 1,770 DEP 5/2 470 310 5/18 2,400 DEP 1,100 3/201 1,000 NOTE 5/11 280 5/20 44 INT 5/12 1,550 5/25 2,870 DEP 5/15 3,400 3/31 38 INT 5/20 5/22 3.300 5/31 8 8 8 8 8 58 5 NSF 59.446 59,128 Daily Balance Description Date Amount CH 3/1 $5,730 CHK 5/2 5,400 5/4 6,740 5/9 5,560 5/11 7,050 5/12 5,500 EFT 5/10 4,420 5/20 4,988 5/25 6,478 5/31 56,458 Description DEP Customer deposit INT Interest earned SF Service fees NOTE Note collected CHK Customer check NSF Nonsufficient funds EFT Electronic funds transfer DC Debit card