PA5-3 Identifying Outstanding Checks and Deposits in Transit and Preparing a Bank Reconciliation and Journal Entries...

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PA5-3 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 Dec. 1 Checks Deposits Other Balance $ 43,200 6 $ 7,580 35,620 11 510 $27,000 62,110 17 11,900 50,210 23 35,000 85,210 26 510 84,700 30 16,400 18,000 NSF* $260 86,040 31 31 Interest earned Service charge 50 86,090 110 85,980 NSF check from J. Left, a customer. Dec. 1 Balance Deposits Dec. 11 23 30 31 Cash (A) 43,200 Checks written during December: 27,000 7,580 35,000 510 18,000 11,900 12,000 510 110 16,400 4,800 Dec. 31 Balance 93,390 There were no deposits in transit or outstanding checks at November 30. PA5-3 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 Dec. 1 Checks Deposits Other Balance $ 43,200 6 $ 7,580 35,620 11 510 $27,000 62,110 17 11,900 50,210 23 35,000 85,210 26 510 84,700 30 16,400 18,000 NSF* $260 86,040 31 31 Interest earned Service charge 50 86,090 110 85,980 NSF check from J. Left, a customer. Dec. 1 Balance Deposits Dec. 11 23 30 31 Cash (A) 43,200 Checks written during December: 27,000 7,580 35,000 510 18,000 11,900 12,000 510 110 16,400 4,800 Dec. 31 Balance 93,390 There were no deposits in transit or outstanding checks at November 30.