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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 $5-5]$

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$[$The following information applies to the questions displayed below.$]$

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

$$

BANK STATEMENTDateChecksDepositsOtherBalanceDecember $1$$ $54,000$December $6$$ $7,67046,330$December $11600$$ $28,00073,730$December $1716,40057,330$December $2336,00093,330$December $2660092,730$December $3022,70019,000$NSF$*$$ $35088,680$December $31$Interest earned$7588,755$December $31$Service charge$20088,555$

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

$$

Cash $($A$)$DebitCreditDecember $1$Balance$54,000$Deposits$$Checks written during December:December $1128,0007,670$December $2336,000600$December $3019,00016,400$December $3113,00060020022,7005,250$December $31$Balance$96,580$

$$

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

PA$5-3($Algo$)$ Part $5$ and $6$

After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger?

If the company also has $$350$ of petty cash on hand, which is recorded in a different account called Petty Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the December $31$ balance sheet?$$

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 following information applies to the questions displayed below.$]$

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

$$

BANK STATEMENTDateChecksDepositsOtherBalanceDecember $1$$ $54,000$December $6$$ $7,67046,330$December $11600$$ $28,00073,730$December $1716,40057,330$December $2336,00093,330$December $2660092,730$December $3022,70019,000$NSF$*$$ $35088,680$December $31$Interest earned$7588,755$December $31$Service charge$20088,555$

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

$$

Cash $($A$)$DebitCreditDecember $1$Balance$54,000$Deposits$$Checks written during December:December $1128,0007,670$December $2336,000600$December $3019,00016,400$December $3113,00060020022,7005,250$December $31$Balance$96,580$

$$

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

PA$5-3($Algo$)$ Part $5$ and $6$

After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger?

If the company also has $$350$ of petty cash on hand, which is recorded in a different account called Petty Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the December $31$ balance sheet?$$ 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.