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 11 $ 7,570 500 11,400 $27,000 35,000 Balance $ 42,000 34,430 60,930 49,530 84,530 84,030 86,080 86,125 86,025 26 30 500 15,700 18,000 NSF* Interest earned Service charge $250 45 100 * NSF check from J. Left, a customer. Dec. 1 Balance Deposits Dec. 11 Cash (A) 42,000 Checks written during December: 27,000 7,570 35,000 500 18,000 11,400 12,000 500 100 15,700 4,950 Dec. 31 Balance - There were no deposits in transit or outstanding checks at November 30. PA5-3 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.) Journal entry worksheet Record the interest of $45 received from the bank. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the service charges of $100 deducted by the bank. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet