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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:
Prepare a bank reconciliation for May.
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