The following information applies to the questions displayed below! The cash rec

Question

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. TTTTTTTT DIAZ ENTERTAINMENT Cash Account Records May 1, 2015, to May 312015 . In Cash Balance Cash Balance May 1, 2015 Deposits Checks INHEN May 312015 NES S5380 $11540 A $1,620 S $5300 ES Deposits I checks Date Des . Amount Date No Desc Amount Sales Sales $ 1360 1790 2,420 as LEE Sales Sales 2 890 521 471 $ 1200 512 H 472 Property taxes 570 5 15 473 Satares 3,500 522 174 Aeversing a 400 5 so 175 Supplies. 450 3476 Sailores Sir G20 Sosa

Explanation / Answer

DIAZ ENTERTAINMENT 31-May-15 Bank's Cash Balance Company's cash Balance Befor reconciliation $6,400.00 Befor reconciliation $5,300.00 Add NSF Check $ (300.00) Deposits outstanding $3,080.00 Int earned $     70.00 Less Note collected $1,000.00 Checks outstanding(#475 and #476) $3,950.00 Service fees $    (40.00) Bank Error $   500.00 Bank balance per reconciliation $6,030.00 Company balance pe rreconciliation $6,030.00

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