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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

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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: There were no deposits in transit or outstanding checks at November 30 . 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 as incorrect.) 2$28,000 ? $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 wili be automatically graded as incorrect.) $7700 $630 $17,900 $230 Journal entry worksheet Record the interest of $90 received from the bank. Note: Enter debits before credits. Journal entry worksheet Record the service charges of $230 deducted by the bank. Note: Enter debits before credits. Journal entry worksheet Record the return of the J. Left check of $380 due to insufficient funds. Note: Enter debits before credits. Journal entry worksheet Record the deposits in transit at the end of the month. Note: Enter debits before credits. There were no deposits in transit or outstanding checks at November 30 . PA5-3 (Algo) Part 5 and 6 5. After the reconciliation joumal entries are posted, what balance will be reflected in the Cash account in the ledger? 6. If the company also has $380 of petty cash on hand, which is recorded in a different occount called Petty Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the December 31 balance sheet

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