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 Checks Deposits Other Date Dec. 1 6 11 17 23 26 30 31 31 $ 7,660 590 $28, cae 15,900 36,690 598 22,800 19,69 Balance $ 52,800 45, 140 72,550 56,650 92,650 92,25e 88,720 88,790 88,600 NSF. Interest earned Service charge $340 78 198 NSF check from J. Left, a customer. Dec. 1 Balance Deposits Dec. 11 23 30 31 Cash (A) 52,898 Checks written during December: 28,888 7,660 36,800 590 19, eee 15,900 13,808 598 190 22, eee 5,100 96,270 Dec. 31 Balance There were no deposits in transit or outstanding checks at November 30. PA5-3 Part 5 and 6 5. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? 8. If the company also has $340 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? 5. Balance in Cash Account 6. Total Amount of Cash and Cash Equivalents