The December bank statement and cash T-account for Stewart Company follow: BANK STATEMENT Deposits Other Date Checks Balance 46,800 Dec. 1 2 $ 4 6 11 13 17 490 7,020 110 540 1,870 11,500 46,310 39,290 39,180 65,640 63,770 52,270 $27,000 35,000 23 55 87,215 26 28 30 31 890 2,100 16,300 1,570 18,000 NSF* Interest earned $290 65 86,325 84,225 85,635 84,130 83,990 31 Service charge 140 *NSF check from J. Left, a customer. Cash (A) 46,800 Dec. 1 Balance Deposits Dec. 11 23 30 31 27,000 35,000 18,000 12,000 Checks written during December: 490 7,020 110 540 1,870 11,500 2,100 55 890 140 16,300 4,350 1,570 Dec. 31 Balance 91,865 There were no deposits in transit or outstanding checks at November 30. 1. Identify and list the deposits in transit at the end of December. (Select all that apply.) $ 27,000 $ 35,000 $ 18,000 $ 12,000 2. Identify and list the outstanding checks at the end of December. (Select all that apply.) $ 490 $ 7,020 $ 1101 NIIIIII $ 5401 $ 1,870 $ 11,500 $ 2,100 55 $ $ 890 $ 140 $ 16,300 $ 4,350 $ 1,570 3. Prepare a bank reconciliation for December. STEWART COMPANY Bank Reconciliation At December 31 Bank Statement Ending Balance Per Bank Statement Company's Books Ending Balance Per Cash Account Additions: Additions: Deductions: Deductions: Up-to-Date Cash Balance Up-to-Date Cash Balance 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.) View transaction list Journal entry worksheet Record the interest of $65 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 no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the service charges of $140 deducted by the bank. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 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.) View transaction list Journal entry worksheet