The cash records and bank statement for the month of May forDiaz Entertainment are shown below.   
  

DIAZ ENTERTAINMENT Cash Account Records May 1, 2018, to May 31, 2018
CashBalance May 1, 2018	+	Deposits		–	Checks	=	CashBalance May 31, 2018
$5,330      Â		$11,790   Â			$11,920      Â		$5,200      Â

Deposits				Checks
Date	Desc.	Amount		Date	No.	Desc.	Amount
   5/3	Sales	$  1,410    Â		   5/7	471	    Legalfees	$  1,250    Â
   5/10	Sales	1,840    Â		   5/12	472	    Propertytax	1,620    Â
   5/17	Sales	2,470    Â		   5/15	473	    Salaries	3,550    Â
   5/24	Sales	2,940    Â		   5/22	474	    Advertising	1,450    Â
   5/31	Sales	3,130    Â		   5/30	475	    Supplies	500    Â
				   5/31	476	    Salaries	3,550    Â
		$11,790    Â					$11,920    Â

  

   P.O. Box 162647   Bowlegs, OK 74830   (405) 369-CASH		MIDWEST BANK Looking Out For You					Member FDIC
  AccountHolder:		     Diaz Entertainment     124 Saddle Blvd.     Bowlegs, OK 74830			Account Number: Statement Date:		7772854360 May 31, 2018

Beginning Balance		Deposits and Credits				Withdrawals and Debits		Ending Balance
May 1, 2018		No.	Total			No.	Total	May 31, 2018
$6,210		7	$9,940			9	$ 9,695	$6,455

Deposits and Credits				Withdrawals and Debits					Daily Balance

Date	Amount	Desc.	Date	No.	Amount	Desc.	Date	Amount
     5/4	$ 1,410   Â	    DEP	     5/1	469	$  500    Â	  CHK	     5/1	$ 5,710  Â
     5/11	1,840   Â	    DEP	     5/2	470	380   Â	  CHK	     5/2	5,330  Â
     5/18	2,470   Â	    DEP	     5/9	471	1,250   Â	  CHK	     5/4	6,740  Â
     5/20	1,200   Â	    NOTE	     5/11		350   Â	  NSF	     5/9	5,490  Â
     5/20	55   Â	    INT	     5/12	472	1,620   Â	  CHK	     5/11	6,980  Â
     5/25	2,940   Â	    DEP	     5/18	473	3,550   Â	  CHK	     5/12	5,360  Â
     5/31	25   Â	    INT	     5/20		550   Â	  EFT	     5/18	4,280  Â
			     5/25	474	1,450   Â	  CHK	     5/20	4,985  Â
			     5/31		45   Â	  SF	     5/25	6,475  Â
							     5/31	$ 6,455  Â
	$ 9,940   Â				$9,695   Â

   

Desc.   DEP Customer deposit                 INTInterest earned            SFService fees
            NOTENote collected                  CHKCustomer check          NSFNonsufficientfunds
            EFTElectronic funds transfer

  
Additional information:

a. The difference in the beginning balances in the company’srecords and the bank statement relates to checks #469 and #470,which are outstanding as of April 30, 2018 (prior month).
b. The bank made the EFT on May 20 in error. The bank accidentallycharged Diaz for payment that should have been made on anotheraccount.

1. Prepare a bank reconciliation for Diaz'schecking account on May 31, 2018. (Amountsto be deducted should be indicated with a minus sign.Total entries to the same account together when entering inthe bank reconciliation.)

	DIAZ ENTERTAINMENT Bank Reconciliation May 31, 2018 Bank's Cash Balance Company's CashBalance Per bankstatement Pergeneral ledger Bank balance per reconciliation Company balance per reconciliation

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. Totalentries to the same account together when entering in the journalentry carousel.)