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Required Information PA5-3 Identifying Outstanding Checks and Deposits in Transit and preparing a Bank Reconciliation...

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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 Deposits Other Checks Date Dec. 1 6 11 17 23 26 30 31 31 $ 7,660 599 $28, cee 15,989 36, ces Balance $ 52,800 45,140 72,550 56,650 92,650 92,062 88,720 88,790 88,600 599 22,000 19, eee NSF Interest earned Service charge $340 70 190 NSF check from J. Left, a customer Dec. 1 Balance Deposits Dec. 11 23 30 31 Cash (A) 52,800 Checks written during December: 28,80 7,660 36, eee 59e 19, eee 15,9ee 13, eee 590 190 22, eee 5,180 96, 770 Dec. 31 Balance There were no deposits In transit or outstanding checks at November 30. PA5-3 Part 3 3. Prepare a bank reconciliation for December STEWART COMPANY Bank Reconciliation At December 31 Company's Books Ending Balance Per Cash Account Additions: Bank Statement Ending Balance Per Bank Statement Additions: 0 0 0 0 Deductions: Deductions: 0 0 Up-to-Date Cash Balance S o Up-to-Date Cash Balance S 0

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