Use the following bank statement and T-account to make a journal entries needed as a result of the May 31 bank reconciliation.

Use the following bank statement and T-account to make a journal entries needed as a result of the May 31 bank reconciliation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

BANK STATEMENT

  DateChecksDepositsOtherBalance  May 1             $320            4      #2 $40 $80  360           12      #4  130   NSF Check $80 150          28      #5  50     100          30      #6  45  320  375   May 31      #8  85   Service charge 35 255  

Cash (A)   May 1320      May 380     40May 3 #2         100  May 4 #3         130May 8 #4        50May 11 #5         45May 21 #6   May 29320     55May 29 #7   May 30210    85May 30 #8 

a) Record bank service charges.

b) Record customer check returned due to insufficient funds.