Required information

PA$5-2($Algo$)$ Preparing a Bank Reconciliation and Journal Entries and Reporting Cash $[$LO $5-4,$ LO $5-5]$

Skip to question

$[$The following information applies to the questions displayed below.$]$

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$$s bank reconciliation at the end of April showed a cash balance of $$17,000.$ No deposits were in transit at the end of April, but a deposit was in transit at the end of May.

$$

BANK STATEMENT$$ChecksDepositsOtherBalanceBalance$,$ May $1$$ $17,000$May $2$$ $7,00024,000$May $5$#$301$$ $10,00014,000$May $7$#$3025,2008,800$May $89,00017,800$May $14$#$30346017,340$May $17$Interest earned$ $10017,440$May $22$NSF check$24017,200$May $27$#$3044,20013,000$May $31$Service charge$6012,940$Balance, May $3112,940$

$$

Cash $($A$)$DebitCreditMay $1$Balance$17,000$May $17,00010,000$#$301$May $2$May $79,0005,200$#$302$May $4$May $295,200460$#$303$May $114,200$#$304$May $23900$#$305$May $29$May $31$Balance$17,440$

PA$5-2($Algo$)$ Part $1$

Required:

Prepare a bank reconciliation for May.$$

$$

Required:

$1.$ Prepare a bank reconciliation for May. Required:

$1.$ Prepare a bank reconciliation for May.