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: BANK STATEMENT Date Checks Deposits Other December 1 December 6 $ 7.680 December 11 610 $ 28,000 December 17 16,900 December 23 37,000 December 26 610 December 30 23,400 19,000 NSP December 31 Interest earned December 31 Service charge *NSF check from J. Left, a customer. Balance $ 55,200 47,520 74,910 58,010 95,010 94,400 89,640 89,720 89,510 $ 360 80 210 Cash (A) Debit Balance Credit 55,200 December 1 Deponita December 11 December 23 December 30 December 31 Checks written during December 7,680 610 28.000 37,000 19,000 14,000 16,900 610 210 23,400 5,400 December 31 Balance 98.390 There were no deposits in transit or outstanding checks at November 30. Required: 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.) $28,000 $37,000 $19.000 $14,000 2. Identity 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.) $7680 2 $610 516,900 LLLL FU CHILL Required Information $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 will be automatically graded as incorrect.) $7680 $610 $16.900 $210 $23.400 $5,400 3. Prepare a bank reconciliation for December. Bank Statement Ending Balance Per Bank Statement Additions: STEWART COMPANY Bank Reconciliation At December 31 Company's Books Ending Balance Per Cash Account Additions: 0 0 0 0 Deductions: Deductions: 0 Up to Date Cash Balance $ 0 o Up-to-Date Cash Balance $ 0 View transaction list Journal entry worksheet