Required Information The following information applies to the questions displayed below The cash records and bank statement for the month of May for Diaz Entertainment are shown below, DIAZ ENTERТAINMENT Cash Account Records May 1, 2821, to May 31, 2021 Fryrme Cash Balance Cash Balance Cash May 1, 2021 $5,478 + Cash Receipts $11,090 Cash Receipts Disbursenents $11,es May 31, 2821 $5,480 Cash Disbursenents Amount 1,270 1,7ee 2,330 2,8ee 2,990 Check Date Date 5/3 5/10 5/17 5/24 5/31 Desc. Desc. Amount Sales Sales Sales Sales Sales Legal fees Property tax Salaries Advertising 1,11e 5/7 5/12 5/15 5/22 471 472 1,480 3,418 1,318 473 474 Supplies Salaries 5/3e 5/31 475 З6е 476 3,418 $11,e9e $11,ese Midwest Bank P.O. Box 162647 Menber FDIC Bowlegs, OK 74830 (485) 369-CASH Account Holder: Looking Out For You Diaz Entertainment 124 Saddle Blvd, Вомlegs, O 74838 Account Number: 7772854368 May 31, 2821 Statenent Date: Account Surmary Beginning Balance May 1, 2021 $6,070 Ending Balances May 31, 2021 $6,761 Deposits and Credits NO. Withdrawals and Debits Total $9,252 Account Details ND. Total $8,561 9 Deposits and Credits Amount withdrawals and Debits Daily Balance Date 5/1 5/2 No. Desc. Date Desc Date Amount Amount $5,718 5,47e 6,748 5/4 1,27e 5/1 5/2 5/9 5/11 5/12 5/18 5/20 5/25 5/31 DEP 469 368 CHK 5/11 1,78e 2,338 DEP 478 248 CHK 5/18 5/28 5/28 5/25 5/31 471 DEP 1,118 снк 5/4 5/9 5/11 5/12 1,180 NOTE 218 NSF 5,638 7,128 5,648 4,560 5,291 6,781 41 INT 472 1,48e 3,418 CHK 2,880 DEP 473 CHK 11 INT 418 EFT 5/18 5/20 474 1,318 сHк 31 SF 5/25 $8,561 9,252 5/31 6,761 DEP Custoner deposit NOTE Note collected EFT Electronic funds transfer SF Service fees NSF Nonsufficient funds Desc INT Interest carned CHK Custoner check Additional information: . The difference in the beginning balances in the company's records and the bank statement relates to checks #469 and # 470, 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 Diaz for payment thet should have been made on another account Required: 1. Prepare a bank reconciliation for Diez'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 Reconcllation May 31, 2021 Bank'e Cash Balance Company's Cash Balance 6,761 Per general ledger 2,990 (3,770) 5,480 1,100 52 Per bank statement Deposits outstanding Note collected Checks outstanding Interest earned Bank error 410 (31) Service fees NSF check (210) Bank balance per reconciliation Campany balance per reconciliation

Winson Company reported the following information related to its 31 August 2019 bank statement: i) The bank statement's balance is $3267. ii) The cash account balance is $3193. iii) The outstanding checks total $612. iv) The deposits in transit amount to $1415. v)The bank service charge is $27. vi) Winson's accountant issued a check for $153 (inpayment on an account payable) that was erroneously recorded in the ledger as $135. vii)Bank debit memorandum for$138 NSF (not sufficient funds)check from one of its customers. viii) The bank collected an account receivable in the amount of $1060 on. behalf if Winson Company. Required; Prepare Winson Company's bank reconciliation on 31 August 2019.

Bank Reconciliation and Adjusting Entries (Appendix 6.1) Odum Corporation’s cash account showed a balance of $17,198 on March 31, 2019. The bank statement balance for the same date indicated a balance of $17,924.55. The following additional information is available concerning Odum’s cash balance on March 31:  • Undeposited cash on hand on March 31 amounted to $724.50. • A customer’s NSF check for $173.80 was returned with the bank statement. • A note for $2,000 plus interest of $25 was collected for Odum by the bank during March. The bank notified Odum of this collection on the bank statement.  • The bank service charge for March was $15. • A deposit of $951.75 mailed to the bank on March 31 did not appear on the bank statement. The following checks mailed to creditors had not been processed by the bank on March 31: #429  $57.40 #432  $147.50 #433  $214.80 #434 $191.90 A customer check for $149.50 in payment of his account and listed correctly for that amount on the bank state-ment had…

The accountant of ABC has collected the following information for the month of July 2019. ABC’s bank statement for July 2019 shows the following data: Balance on 1 July as per bank $29,500 Balance on 31 July as per bank $15,907.45       The cash balance as per company records as of July 31 is $11,589.45. Further review of the data reveals the following information:   Errors: Check no115 for $1,226. The bank correctly paid the amount, but ABC recorded the check as $1,262.   Outstanding checks on July 31, total $5,904   Deposits in transit on July 31 total $2,201.40   Bank statement shows: A. Debit-NSF check: $425.60 B. Debit-bank fee $30 C. Credit- collection of note receivable for $1,000 plus interest earned $50 and bank collection fee $15.   Required:Prepare bank reconciliation on July 31, 2019.