PA$5-3($Algo$)$ Identifying Outstanding Checks and Deposits in Transit and Preparing a Bank Reconciliation and Journal Entries $[$LO $5-4,$ LO $5-5]$

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$[$The following information applies to the questions displayed below.$]$

The December bank statement and cash T$-$account for Stewart Company follow:

BANK STATEMENT

Date Checks Deposits Other Balance

December $1$ $ $44,400$

December $6$ $ $7,59036,810$

December $11520$ $ $27,00063,290$

December $1712,40050,890$

December $2335,00085,890$

December $2652085,370$

December $3017,10018,000$ NSF$*$ $ $27086,000$

December $31$ Interest earned $5586,055$

December $31$ Service charge $12085,935$

$*$ NSF check from J$.$ Left, a customer.

Cash $($A$)$

Debit Credit

December $1$ Balance $44,400$

Deposits Checks written during December:

December $1127,0007,590$

December $2335,000520$

December $3018,00012,400$

December $3112,000520$

$120$

$17,100$

$4,650$

December $31$ Balance $93,500$

There were no deposits in transit or outstanding checks at November $30.$

PA$5-3($Algo$)$ Part $1$ and $2$

Required:

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 as incorrect.$)$

check all that apply $1$

$$27,000$

$$35,000$

$$18,000$

$$12,000$

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.$)$

check all that apply $2$

$$7,590$

$$520$

$$12,400$

$$120$

$$17,100$

$$4,650$