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Please help me understand. TYIA. [The following information applies to the questions displayed below.] The December bank statement and cash T-account for Stewart Company follow:

Please help me understand. TYIA.

image text in transcribedimage text in transcribed [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 . 5. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? 6. If the company also has $240 of petty cash on hand, which is recorded in a different account 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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