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Required information [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 Company's bank reconciliation at the end of April showed a cash balance of $15,700. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. 1. Prepare a bank reconciliation for May. 2. Prepare any journal entries required as a result of the bank reconciliation. (If no entry is required for a transa "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the interest of $85 receipt from the bank. Note: Enter debits before credits. Journal entry worksheet Record the return of the customer check of $210 due to insufficient funds. Note; Enter debits before credits. Journal entry worksheet Record the service charges of $45 deducted by the bank. Note: Enter debits before credits. 3. After the reconciliation journal entries are posted. what balance will be reflected in the Cash account in the ledger? 4. If the company also has $35 of petty cash on hand, which is recorded in a different account called Petty Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the balance sheet at the end of May

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