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 T-account for Stewart Company follow: Date Checks BANK STATEMENT Deposits Other Balance December 1 December 6 $ 44,400 $ 7,590 36,810 December 11 December 17 520 12,400 $ 27,000 63,290 50,890 December 23 35,008 85,890 December 26 520 85,370 December 30 17,100 18,000 NSF* $ 270 86,000 December 31 December 31 Interest earned Service charge 55 86,055 120 85,935 NSF check from J. Left, a customer. Debit December 1 Balance Deposits December 11 December 23 December 30 December 31 December 31 Balance Cash (A) 44,400 Credit Checks written during December: 7,590 520 27,000 35,000 18,000 12,400 12,000 520 120 17,100 4,650 93,500 There were no deposits in transit or outstanding checks at November 30. 3. Prepare a bank reconciliation for December. STEWART COMPANY Bank Reconciliation At December 31 Bank Statement Company's Books Ending Balance Per Bank Statement Ending Balance Per Cash Account Additions: Additions: Deductions: Deductions: Up-to-Date Cash Balance Up-to-Date Cash Balance