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: Checks BANK STATEMENT Deposits Other Date Dec. 1 6 11 17 23 26 30 31 31 $ 7,700 630 $28,000 17,900 37,000 Balance $ 57,600 49,900 77,270 59,370 96,370 95,740 89,560 89,650 89, 420 630 24,800 19,000 NSF. Interest earned Service charge $380 90 230 NSF check from J. Left, a customer. Dec. 1 Balance Deposits Dec. 11 23 30 31 Cash (A) 57,600 Checks written during December 28,000 7.700 37,000 630 19,000 17,900 14,000 630 230 24,800 5,700 98,010 Dec. 31 Balance There were no deposits in transit or outstanding checks at November 30, Journal entry worksheet B DE Record the interest of $90 received from the bank. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal Journal entry worksheet Record the service charges of $230 deducted by the bank. Note: Enter debits before credits. General Journal Debit Transaction 2 Credit Record entry Clear entry View general Journal Journal entry worksheet On December 31, a deposit of $14,000 was recorded, but the deposit was still in transit at the end of the month. Note: Enter debits before credits. Transaction General Journal Debit Credit 5 Record entry Clear entry View general Journal