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Required Information [The following information applies to the questions clisplayed below.] The cash records and bank statement for the month of Mey for Disz Entertainment are shown below. DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance Cash Balance Cash May 1, 2021 + Cash Receipts Disbursements May 31, 2021 $5,368 $11,648 $11,748 $5,260 Cash Receipts Cash Disbursements Date Desc. Amount Date Check Dese. Amount Sales $ 1,30 Legal fees $1,220 5/10 Sales 1,810 5/12 472 Property tax 1,590 5/17 Sales 2,440 5/15 473 Salaries 3.52e 5/24 Sales 2.910 5/22 474 Advertising 1.42e 5/31 Sales 3,100 5/30 475 Supplies 470 5/31 476 Salaries 3,52e $11,640 $11,748 5/3 5/7 471 Member FDIC 7772854360 May 31, 2021 Ending Balance May 31, 2021 $6,542 P.O. Box 162647 Midwest Bank Bowlegs, OK 74830 Looking Out For You (405) 369 CASH Account Holder: Diaz Entertainment Account Number: 124 Saddle Blvd, Bowlegs, OK 74830 Statement Date: Account Summary Beginning Balance Deposits and Credits Withdrawals and Debits May 1, 2021 NO. Total ND Total $6,188 $9,814 $9.492 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 5/4 $ 1,380 DEP 5/1 469 470 CHK 5/11 1,810 DEP 5/2 478 35e CHK 5/18 2,448 DEP 5/9 471 1,220 CHK 5/20 1,280 NOTE 5/11 32e NSF 5/20 52 INT 5/12 472 1,590 CHK 5/25 2,910 DEP 5/18 473 CHK 5/31 22 INT 5/20 52e EFT 5/25 474 1,420 CHK 5/31 SF $ 9,814 59,452 Daily Balance Date Amount 5/1 $5,710 5/2 5,350 5/4 6,748 5/9 5,52e 5/11 7.10 5/12 5,420 5/18 4.340 5/20 5,072 5/25 6.562 5/31 $6,542 3,520 Desc DEP Customer deposit INT Interest carned SF Service fees NOTE Note collected CHK Customer check NSF Nonsufficient funds EFT Electronic funds transfer Additional information: a. The difference in the beginning balances in the company's records and the bank statement relates to checks #469 and 3470, 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 Disz for payment that should have been made on another account. 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 Cash Balance Per general ledger Bank's Cash Balance Per bank statement 2 Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field. Total entries to the same account together when entering in the journal entry carousel.) View transaction at Journal entry worksheet 2 Record the amounts that increase cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal

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