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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 rollowing
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 rollowing information applies to the questions displayed below].] The December benk statement and cash T-account for Stewert Compeny follow: There were no deposits In transit or outstanding checks at Nowember 30. Is28.000|$36.000|$12.000?$15,000 box far a wrong answerr. Any boxks left with a quenstion mark will be automatically graded as incorrenct.) 57.670 5600 | \$15,400 P. $200 . $22.700 55.250 3. Prepare a bank reconciliation for December. 4. Prepare ary journal entries that the company should make as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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