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 $ 7,520 450 $27,000 8,900 34,000 450 12,200 18,000 Balance $ 36,000 28,480 55,030 46,130 80,130 79,680 85,280 85,300 85,250 NSF* Interest earned Service charge $200 20 50 NSF check from J. Left, a customer Dec. 1 Balance Deposits Dec. 11 23 30 31 Cash (A) 36 36,000 Checks written during December: 27,000 7,520 34,000 450 18,000 8,900 11,000 450 50 12,200 5,700 90,730 Dec. 31 Balance 50 12,200 5,700 Dec. 31 Balance 90,730 There were no deposits in transit or outstanding checks at November 30. Required: 1. Identify and list the deposits in transit at the end of December. (Select all that apply.) $27,000 $34.000 $18,000 $11,000 Required information JVU $18,000 $11,000 2. Identify and list the outstanding checks at the end of December. (Select all that apply.) $7,520 $450 JUDUL CE $8.900 $450 $50 $12.200 $5,700 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 $ 7,520 450 $27,000 8,900 34,000 450 12,200 18,000 Balance $ 36,000 28,480 55,30 46,130 80,130 79,680 85,280 85,300 85,250 NSF* Interest earned Service charge $200 20 50 NSF check from J. Left, a customer. Dec. 1 Balance Deposits Dec. 11 23 30 31 Cash (A) 36,000 Checks written during December: 27,000 7,520 34,000 450 18,000 8,900 11, 450 50 12,200 5,700 98,730 Dec. 31 Balance 3. Prepare a bank reconciliation for December Bank Statement Ending Balance Per Bank Statement Additions: STEWART COMPANY Bank Reconciliation At December 31 Company's Books Ending Balance Per Cash Account Additions: Deductions: Deductions: 4. Prepare any journal entries that the company should make as a result of the bank reconciliation (If no entry transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the interest of $20 received from the bank. Note: Enter debits before credits Transaction General Journal Debit Credit 4. Prepare any Journal entries that the company should make as a result of the bank reconciliation. (If n transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the return of the J. Left check of $200 due to insufficient funds. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 4. Prepare any journal entries that the company should make as a result of the bank reconciliation. (If no en transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A B D E Earlier this month, a check in the amount of $5,700 was recorded as a reduction in cash. As of December 31, that check was still outstanding. Note: Enter debits before credits. Transaction General Journal Debit Credit 4 4. Prepare any journal entries that the company should make as a result of the bank reconciliation. (If no en transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet
