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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 following
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 BANK STATEMENT Date Checks Deposits Other December 1 December 6 $ 7,600 December 11 530 $ 27,000 December 17 12,900 December 23 35,000 December 26 530 December 30 17,800 18,888 December 31 Interest earned December 31 Service charge *NSF check from J. Left, a customer Balance $ 45,600 38,000 64, 470 51,570 86,570 86,040 85,960 86,020 85,890 NSE $ 280 62 130 Cash (A) credit Debit Balance December 45.600 ework Cash (A) Debit Balance December 1 Deposits December 11 December 23 December 30 December 31 Credit 45,600 Checks written during December: 27,000 7,600 35,000 530 18,000 12,900 12,000 530 13e 17,800 4,500 93,610 December 31 Balance There were no deposits in transit or outstanding checks at November 30, PA5-3 (Algo) Part 4 4. Prepare any 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.) View transaction ist Required information Journal entry worksheet
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