7 PA5-3 (Algo) Identifying Outstanding Checks and Deposits in Transit and Preparing a Bank Reconciliation and...
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7 PA5-3 (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: Pan 23 BANK STATEMENT Date December 1 Checks Deposits Other Balance $ 43,200 December 6 $7,500 35,620 412 ports December 11 December 171 510 11,900 $27,000 62,110 50,210 December 23 35,000 Supped 85,210 December 26 510 December 301 84,700 16,400 18,000 NSF $260 December 31 86,040 December 31 edoux Interest earned Service charge 50 86,090 110 NSF check from J. Left, a customer. 85,980 Cash (A) Debit Credit December 1 Balance 43,200 Deposits Checks written during December: December 11 27,000 7,580 December 23 35,000 510 December 30 15,000 11,900 December 31 12,000 510 110 16,400) December 31 Balance 4,800 93,390 There were no deposits in trans 7 Part 2 of 3 PA5-3 (Algo) Part 3 3. Prepare a bank reconciliation for December. 432 Mc Graw STEWART COMPANY Bank Reconciliation At December 31 Bank Statement Ending Balance Per Bank Statement Additions Deductions Company's Books Ending Balance Per Cash Account Additions: 0 Deductions: 0 0 Up-to-Date Cash Balance 0 Up-to-Date Cash Balance S 0 There were no deposits in transit or outstanding checks at November 30. PA5-3 (Algol Part 3 7 PA5-3 (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: Pan 23 BANK STATEMENT Date December 1 Checks Deposits Other Balance $ 43,200 December 6 $7,500 35,620 412 ports December 11 December 171 510 11,900 $27,000 62,110 50,210 December 23 35,000 Supped 85,210 December 26 510 December 301 84,700 16,400 18,000 NSF $260 December 31 86,040 December 31 edoux Interest earned Service charge 50 86,090 110 NSF check from J. Left, a customer. 85,980 Cash (A) Debit Credit December 1 Balance 43,200 Deposits Checks written during December: December 11 27,000 7,580 December 23 35,000 510 December 30 15,000 11,900 December 31 12,000 510 110 16,400) December 31 Balance 4,800 93,390 There were no deposits in trans 7 Part 2 of 3 PA5-3 (Algo) Part 3 3. Prepare a bank reconciliation for December. 432 Mc Graw STEWART COMPANY Bank Reconciliation At December 31 Bank Statement Ending Balance Per Bank Statement Additions Deductions Company's Books Ending Balance Per Cash Account Additions: 0 Deductions: 0 0 Up-to-Date Cash Balance 0 Up-to-Date Cash Balance S 0 There were no deposits in transit or outstanding checks at November 30. PA5-3 (Algol Part 3
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