! Required information 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: Date Checks BANK STATEMENT Deposits Other Balance December 1 December 6 December 11 $ 39,600 December 17 $ 7,550 480 10,400 32,050 $ 27,000 58,570 48,170 December 23 34,000 82,170 December 26 480 81,690 December 30 14,300 18,000 NSF* $ 230 85,160 December 31 December 31 Interest earned Service charge 35 85,195 80 85,115 *NSF check from J. Left, a customer. Debit December 1 Balance Deposits December 11 December 23 December 30 December 31 Cash (A) Credit 39,600 December: 27,000 34,000 18,000 Checks written during 7,550 480 10,400 11,000 480 80 14,300 5,250 December 31 Balance 91,060 There were no deposits in transit or outstanding checks at November 30. PA5-3 (Algo) Part 1 and 2