Help Save & Exit Submit mework Check my work Required information 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 DTAX ENTERTAINMENT Cash Account Record May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 SS, 480 Cash Balance Cash May 2021 Receipts 55,470 511,090 Cash Receipts Date Desc 5/3 Sales 5720 Sales 5717 Sales 5/24 Sales 5/31 sales Amount $ 1.270 1,700 2,330 2,800 2,990 Dato 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursements $11,080 Cash Disbursements Check Deso. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salarien Amount $1,110 1,480 3,410 1.310 360 3,410 $11,090 $11,080 Member FDIC 7772854360 May 31, 2021 1.0. Box 162647 Midwest Bank Bowlege, OK 74830 Looking Out For You (405) 369-CASH Account Moldes Dia Entertainment Account Numbert 124 Saddle Blvd, Bowlega, OK 74830 Statement Date: Account Summary Withdrawala and Beginning Balance Deposits and Credits Debito May 2021 NO. Total Total 56.070 7 $9,252 9 5.62 Account Details Deposits and Credits withdrawals and Debite Date Mount Desc Date No 574 Amount Dene. $ 1,270 DEP 5/1 469 360 5/11 CHK 1,700 DEP 5/2 470 240 5/10 CHK 2,330 DEP 5/9 471 5720 1,100 CAK 1.110 NOTRE 5/11 210 5/20 INT 5/12 NS 472 1.400 YO. Ending Balance May 31, 2021 56261 Daily Balance Date Amount 5/ $5.10 5/2 5,470 3/4 6.740 5/9 5.630 5/11 7. 120 ** 17 atv . MacBook Pro Check my work Member FDIC 7772854360 May 31, 2021 NO Ending Balance May 31, 2021 56,761 1.0. Box 162647 Midwest Bank Dovlegs, OK 74830 Looking Out For You (405) 369-CASH Account Holder Dias Entertainment Account Number 124 Saddle Blvd Bowlegs, OK 74830 Statement Date Account Summary Withdrawals and Beginning Balance Deposits and Credits Debits May 1, 2021 NO Total Total $6,070 7 $9.252 9 $8.561 Account Details Deposits and credits Withdrawals and Debita Date Amount Dese. Dato No. Amount Dese. 574 $ 1,270 DEP 5/1 469 $ 360 CHK 5/11 1.700 DEP 572 470 240 CHK 5/18 2.330 DEP 5/9 471 1,110 CHK 5/20 1.100 NOTE 5/11 210 NSE 41 INT 5/12 472 1,480 CAK 5/25 2,800 DEP 5/18 473 3,410 CIK 5/31 11 INT 5/20 410 PPT 5/25 474 1,310 5/31 31 SP $ 9,252 $8,561 5/20 Daily Balance Date Amount 5/1 $5,710 572 5, 470 5/4 6,140 5/9 5,630 5/11 7,120 5/12 5,640 5/18 4,560 5/20 5,291 5/25 6,781 5/31 $6,761 CHK Denc. DEP Customer deposit NOTE Note collected EFT Electronie funds transfer INT Interest earned CHK Customer check SF Service fees NSP Nonsufficient 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) b. The bank made the EFT on May 20 in error. The bank accidentally charged Diaz for payment that should have been made on another account. Toblem 4-3A Part 1 equired: Prepare a bank reconciliation for Diaz's checking account on May 31, 2021. (Amounts to be deducted should be dicated with a minus sign. Total entries to the same account together when entering in the bank econciliation.) 17 tv MacBook Pro Saved Homework Help Save & Exit Subm Check my work Deuc. DEP Customer deposit NOTE Note collected EFT Electronie funds transfer INI Interest earned CHK Customer check Sy Service fees NSF Nonsufficient 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). b. The bank made the EFT on May 20 in error. The bank accidentally charged Diaz for payment that should have been made on another account Problem 4-3A Part 1 Required: 1. Prepare a bank reconciliation for Diaz's checking account on May 31, 2021. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation) DIAZ ENTERTAINMENT Bank Reconciliation May 31, 2021 Company's Cash Balance Per general ledger Bank's Cash Balance Per bank statement Bank balance per reconciliation Company balance per reconciliation 17 Ek Pro