Chapter 5 Homework 1 Saved The December bank statement and cash T-account for Stewart Company follow: Other BANK STATEMENT Date December 1 December 6 December 11 Checks Deposits Balance $ 60,000 $ 7,720 52,280 Part 1 of 4 December 17 650 18,900 $ 28,000 79,630 60,730 December 23 37,000 97,730 December 26 December 30 650 26,200 97,080 19,000 NSF $400 59,400 December 31 December 31 Interest earned Service charge 100 89,500 250 89,330 10 points NSF check from J. Left, a customer Prin December 1 Deposits Debit Balance December 11 December 23 December 30 December 31 December 31 Balance Cash (A) Credit 60,000 Checks written during December 20,000 7,720 37,000 650 19,000 14,000 18,900 650 250 26,200 6,000 97,630 There were no deposits in transit or outstanding checks at November 30 Help Save & Exit Chapter 5 Homework 1 Part 1 of 4 10 Dom Required information Help Save & Exit Submit Required: 1. Identify and list the deposits in transit at the end of December. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded es incorrect.) $28,000 7 $37,000 $19,000 $14,000 2. Identify and list the outstanding checks at the end of December. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Chapter 5 Homework 1 Required information $19,000 Part 1 of 4 10 ponts $14,000 Saved Help Save & Exit Submit 2. Identify and list the outstanding checks at the end of December. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) 57720 ebook P $650 $18.900 7 $250 $26.200 ? $6.000 Chapter 5 Homework 3 PA5-3 (Algo) Part 4 Part 3 of 4 10 pom eBlock Print Seved Help Save & Exit Submit Check my work 4. Prepare any journal entries that the company should make as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet BC DE Record the interest of $100 received from the bank. Note: Enter debit before credits Transaction General Journal Debit Credit Chapter 5 Homework 4 December 30 December 31 Part 4 of 4 10 pom eBlock Prim December 31 Balance 19,000 18,900 14,000 650 250 26,200 6,000 97,610 Help Save & Exit Submit There were no deposits in transit or outstanding checks at November 30 PA5-3 (Algo) Part 5 and 6 5. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? 6. If the company also has $400 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 December 31 balance sheet? 5 Balance in Cash Account 6 Total Amount of Cash and Cash Equivalents Check my work