Requlred Informetion[The following information applies to the questions displayed below.]The December bank statement and cash T-account for Stewart Company follow:BANK STATEMENTChecks DepositsBalance$ 48,00040, 38067,83053,930৪9, 93888,97088,47088,52088,370DateOtherDec. 1$ 7,620558 $28, 00013,90011172336, e002696030NSF*$3005019, 20019, e0031Interest earned31Service charge150NSF check from J. Left, a customer.Cash (A)Dec. 1 Balance48, e00DepositsDec. 1123Checks written during December:7,62028, 80036, ee019,e0013,e005503013,9009603115019,2004,500Dec. 31 Balance97,120There were no deposits in transit or outstanding checks at November 30.Requlred:1. Identify and list the deposits in transit at the end of December. (Select all that apply.)$28,000$36,000$19,000$13,0002. [dentify and list the outstanding checks at the end of December (Select all that apply.)$7,620$550$13,900$880$150$19,200$4,500OOUI

Deposits that are made by the company but are yet to be cleared by the bank are deposits in transit.…

Requlred Informatlon (The following information applies to the questions displayed below.) The December bank statement and cash T-account for Stewart Company follow: BANK STATEMENT Other Date Dec. 1 Checks Deposits Balance $ 48, 000 40, 380 67,830 53,930 89,930 88,970 88,470 88,520 88, 370 $ 7,620 5se $28, 000 13,900 6. 11 17 23 36, e0e 26 960 30 19, 200 19, e00 NSF $300 Interest earned Service charge 31 50 31 150 NSF check from J. Left, a customer. Cash (A) Dec. 1 Balance Deposits Dec. 11 48, 000 28, e00 36, 000 19, ee0 13,000 Checks written during December: 7,620 55e 13,900 960 23 30 31 150 19, 200 4,500 Dec. 31 Balance 97, 120 There were no deposits in transit or outstanding checks at November 30. Required: 1. Identify and list the deposits in transit at the end of December. (Select all that apply.) $28,000 $36.000 |$10,000 $13,000 2. dentify and list the outstanding checks at the end of Decembe (Select all that apply.) $7,620 $560 $13,000 $000 $150 $10.200 $4,500

Requlred Informatlon (The following information applies to the questions displayed below.) The December bank statement and cash T-account for Stewart Company follow: BANK STATEMENT Other Date Dec. 1 Checks Deposits Balance $ 48, 000 40, 380 67,830 53,930 89,930 88,970 88,470 88,520 88, 370 $ 7,620 5se $28, 000 13,900 6. 11 17 23 36, e0e 26 960 30 19, 200 19, e00 NSF $300 Interest earned Service charge 31 50 31 150 NSF check from J. Left, a customer. Cash (A) Dec. 1 Balance Deposits Dec. 11 48, 000 28, e00 36, 000 19, ee0 13,000 Checks written during December: 7,620 55e 13,900 960 23 30 31 150 19, 200 4,500 Dec. 31 Balance 97, 120 There were no deposits in transit or outstanding checks at November 30. Required: 1. Identify and list the deposits in transit at the end of December. (Select all that apply.) $28,000 $36.000 |$10,000 $13,000 2. dentify and list the outstanding checks at the end of Decembe (Select all that apply.) $7,620 $560 $13,000 $000 $150 $10.200 $4,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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What is the cash balance per books at November 30, 2021?
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Required information Skip to question [The following information applies to the questions displayed below.]The August bank statement and cash T-account for Martha Company follow: BANK STATEMENT Date Checks Deposits Other Balance August 1 $ 13,600 August 2 $ 120 13,480 August 3 $ 9,300 22,780 August 4 220 22,560 August 5 160 22,400 August 9 530 21,870 August 10 130 21,740 August 15 3,100 24,840 August 21 220 24,620 August 24 15,500 9,120 August 25 5,650 14,770 August 30 620 14,150 August 30 Interest earned $ 20 14,170 August 31 Service charge 10 14,160 Cash (A) Debit Credit August 1 Balance 13,600 Deposits Checks written August 2 9,300 120 August 1 August 12 3,100 220 August 2 August 24 5,650 160 August 3 August 31 4,100 130 August 4 530 August 5 200 August 15 280 August 17 620 August 18 220 August 19…
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