PA$5-3($Algo$)$ Identifying Outstanding Checks and Deposits in Transit and Preparing a Bank Reconciliation and Journal Entries $[$LO $5-4,$ LO $5-5]$

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The December bank statement and cash T$-$account for Stewart Company follow:

BANK STATEMENT

Date Checks Deposits Other Balance

December $1$ $ $55,200$

December $6$ $ $7,68047,520$

December $11610$ $ $28,00074,910$

December $1716,90058,010$

December $2337,00095,010$

December $2661094,400$

December $3023,40019,000$ NSF$*$ $ $36089,640$

December $31$ Interest earned $8089,720$

December $31$ Service charge $21089,510$

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

Cash $($A$)$

Debit Credit

December $1$ Balance $55,200$

Deposits Checks written during December:

December $1128,0007,680$

December $2337,000610$

December $3019,00016,900$

December $3114,000610$

$210$

$23,400$

$5,400$

December $31$ Balance $98,390$

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.$)$

check all that apply $1$

$$28,000$unanswered

$$37,000$unanswered

$$19,000$unanswered

$$14,000$unanswered

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 incorrect.$)$

check all that apply $2$

$$7,680$unanswered

$$610$unanswered

$$16,900$unanswered

$$210$unanswered

$$23,400$unanswered

$$5,400$unanswered

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