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There are more transactions like: 1st one is record the interest of $20 recieved from bank. 2nd one: Record the service charges of $50 deducted

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There are more transactions like: 1st one is record the interest of $20 recieved from bank.

2nd one: Record the service charges of $50 deducted by the bank.

3rd one: Record the return of the J. Left check of $200 due to insufficient funds.

4th:

  • 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.

5th:

On December 31, a deposit of $11,000 was recorded, but the deposit was still in transit at the end of the month.

The December bank statement and cash T-account for Stewart Company follow BANK STATEMENT Checks Deposits Other Balance 36,000 28, 480 Date Dec. 1 s 7,520 11 450 $27,000 55.030 B,900 17 46,130 B0,130 79,680 85,280 85,300 85,250 23 34,000 26 450 12, 200 NSP 30 18,000 $200 31 Interest earned 20 Service charge 31 50 NSF check from J. Left, a customer. Cash (A) Dec. 1 Balances Deposits Dec. 11 36,000 Checks written during December 27,000 34,000 18,000 11,000 7,520 23 450 30 B,900 31 450 50 12, 200 5,700 90,730 Dec. 31 Balance There were no deposits In transit or outstanding checks at November 30 4. Prepare any Journal entries that the company should make as a result of the bank reconcllation. (If no entry is required for a transactlon/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit A 1 Cash 20 Interest Revenue 20 P 2 50 50

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