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Required information PA5-3 (Static) Identifying Outstanding Checks and Deposits in Transit and Preparing a Bank Reconciliation and Journal Entries [LO 5-4, LO 5-5] Skip to
Required information PA5-3 (Static) Identifying Outstanding Checks and Deposits in Transit and Preparing a Bank Reconciliation and Journal Entries [LO 5-4, LO 5-5] Skip to question [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 Balance December 1 $ 48,000 December 6 $ 7,620 40,380 December 11 550 $ 28,000 67,830 December 17 13,900 53,930 December 23 36,000 89,930 December 26 960 88,970 December 30 19,200 19,000 NSF* $ 300 88,470 December 31 Interest earned 50 88,520 December 31 Service charge 150 88,370 * NSF check from J. Left, a customer. Cash (A) Debit Credit Decemb
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