PA5-3 (Algo) Identifying Outstanding Checks and Deposits in Transit and Preparing a Bank Reconciliation and Journal Entries [LO 5-4, LO 5-5] [The following information applies to the questions displayed below] The December bank statement and cash Taccount for Stewart Company follow. There were no deposits in transit or outstanding checks at November 30. There were no deposits in transit or outstanding checks at November 30. A5-3 (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? 3. If the company also has $370 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