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5 points eBook References Problem 4-3A (Algo) Prepare the bank reconciliation and record cash adjustments...

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Accounting

5 points eBook References Problem 4-3A (Algo) Prepare the bank reconciliation and record cash adjustments (LO4-5) The cash records and bank statement for the month of May for Daniels Entertainment are shown below. DANIELS ENTERTAINMENT Cash Account Records May 1, 2024, to May 31, 2024 Cash Balance May 1, 2024 $5,370 Cash Receipts + $11,590 Cash Receipts Date 5/3 5/10 5/17 5/24 5/31 Description Amount Date Sales $1,370 5/7 Sales Sales Sales Sales 1,800 5/12 2,430 5/15 2,900 5/22 3,090 5/30 5/31 $11,590 Cash Disbursements $11,680 Description DC DC DC Cash Disbursements = DC CHK number 471 CHK number 472 Memo Legal fees Property tax Salaries Advertising Supplies Salaries Cash Balance May 31, 2024 $5,280 Amount $1,210 1,580 3,510 1,410 460 3,510 $11,680
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Required: 1. Prepare a bank reconciliation for Daniels's checking account on May 31, 2024. 2. Record the necessary cash adjustments. Complete this question by entering your answers in the tabs below. Prepare a bank reconciliation for Daniels's checking account on May 31, 2024. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.)

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