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[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 Companys bank reconciliation at the end of April showed a cash balance of $21,900. No deposits were in transit at the end of April, but a deposit was in transit at the end of May.

BANK STATEMENT
Checks Deposits Other Balance
Balance, May 1 $ 21,900
May 2 $ 9,000 30,900
May 5 #301 $ 12,000 18,900
May 7 #302 7,400 11,500
May 8 11,000 22,500
May 14 #303 570 21,930
May 17 Interest earned $ 190 22,120
May 22 NSF check 350 21,770
May 27 #304 5,300 16,470
May 31 Service charge 95 16,375
Balance, May 31 16,375

Cash (A)
Debit Credit
May 1 Balance 21,900
May 1 9,000 12,000 #301 May 2
May 7 11,000 7,400 #302 May 4
May 29 7,400 570 #303 May 11
5,300 #304 May 23
2,000 #305 May 29
May 31 Balance 22,030

Required:

  1. Prepare a bank reconciliation for May.

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