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PA$5-3($Algo$)$ 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:

NSF check from J$.$ Left, a customer.

There were no deposits in transit or outstanding checks at November $30.$

PA$5-3($Algo$)$ Part $1$ and $2$

Required:

Identify and list the deposits in transit at the end of December. $($You may select more than one answer. Single click

the box with the question mark to produce a check mark for a correct answer and double click the box with the

question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically

graded as incorrect.$)$

$$27,000$

$$35,000$

$$18,000$

$$12,000$

$(!)$

Required information

Identify and list the deposits in transit at the end of December. $($You may select more than one answer. Single click the box with

the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the

box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.$)$

$$27,000$

$$35,000$

$$18,000$

$$12,000$

Identify and list the outstanding checks at the end of December. $($You may select more than one answer. Single click the box with

the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the

box for a wrong answer. Any boxes left with a question mark will be automatically graded as incoirect.$)$

$$7,590$

$$520$

$$12,400$

$$120$

$$17,100$

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