The December bank statement and cash T-account for Stewart Company follow: Date Checks BANK STATEMENT Deposits...

Transcribed Image Text:

The December bank statement and cash T-account for Stewart Company follow: Date Checks BANK STATEMENT Deposits Other December 1 Balance $ 50,400 December 6 $ 7,640 42,760 December 11 December 17 570 14,900 $ 28,000 70,190 55,290 December 23 36,000 91,290 December 26 570 90,720 December 30 20,600 19,000 NSF $ 320 88,800 December 31 December 31 Interest earned Service charge 60 88,860 170 88,690 * NSF check from J. Left, a customer. Debit December 1 Balance Deposits December 11 December 23 December 30 December 31 December 31 Balance Cash (A) 50,400 Credit Checks written during December: 28,000 7,640 36,000 570 19,000 14,900 13,000 570 170 20,600 4,800 97,150 There were no deposits in transit or outstanding checks at November 30. Journal entry worksheet A B C D E Record the interest of $60 received from the bank. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet A B C D E Record the service charges of $170 deducted by the bank. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet A B 0 D E Record the return of the J. Left check of $320 due to insufficient funds. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet A B C D Record the checks outstanding at the end of the month. Note: Enter debits before credits. Transaction 4 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet A B C D E Record the deposits in transit at the end of the month. Note: Enter debits before credits. Transaction 5 General Journal Debit Credit View general journal Record entry Clear entry The December bank statement and cash T-account for Stewart Company follow: Date Checks BANK STATEMENT Deposits Other December 1 Balance $ 50,400 December 6 $ 7,640 42,760 December 11 December 17 570 14,900 $ 28,000 70,190 55,290 December 23 36,000 91,290 December 26 570 90,720 December 30 20,600 19,000 NSF $ 320 88,800 December 31 December 31 Interest earned Service charge 60 88,860 170 88,690 * NSF check from J. Left, a customer. Debit December 1 Balance Deposits December 11 December 23 December 30 December 31 December 31 Balance Cash (A) 50,400 Credit Checks written during December: 28,000 7,640 36,000 570 19,000 14,900 13,000 570 170 20,600 4,800 97,150 There were no deposits in transit or outstanding checks at November 30. Journal entry worksheet A B C D E Record the interest of $60 received from the bank. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet A B C D E Record the service charges of $170 deducted by the bank. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet A B 0 D E Record the return of the J. Left check of $320 due to insufficient funds. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet A B C D Record the checks outstanding at the end of the month. Note: Enter debits before credits. Transaction 4 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet A B C D E Record the deposits in transit at the end of the month. Note: Enter debits before credits. Transaction 5 General Journal Debit Credit View general journal Record entry Clear entry