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M5-11 (Static) Identifying Outstanding Deposits [LO 5-4] Use the following bank statement and T-account to identify outstanding deposits that should be included in the
M5-11 (Static) Identifying Outstanding Deposits [LO 5-4] Use the following bank statement and T-account to identify outstanding deposits that should be included in the May 31 bank reconciliation. Date Checks BANK STATEMENT Deposits Other Balance May 1 $ 200 May 4 #2 $ 10 $ 50 240 May 12 #4 May 28 #5 100 20 NSF check $ 50 90 70 May 30 #6 15 200 May 31 255 #8 55 Service charge 5 195 Cash (A) Debit Credit May 1 200 May 3 50 10 May 3 #2 May 29 200 May 30 150 May 31 305 Outstanding Deposits 70 May 4 #3 100 May 8 #4 20 May 11 #5 15 May 21 #6 25 May 29 #7 25 May 30 #8
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