Question
Required information 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
Required information 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 BANK STATEMENT Date: Dec. 1 Checks Deposits Other Balance $ 60,000 6 $ 7,720 52,280 11 650 $28,000 79,630 17 18,900 60,730 23 37,000 97.730 26 30 650 26,200 97,080 19,000 NSF $400 89,480 31 31 Interest earned Service charge 100 89,580 250 89,330 NSF check from J. Left, a customer.
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