The December bank statement and cash T-account for Stewart Company follow: BANK STATEMENT Date Checks Deposits Other Balance December 1 $ 36,000 December 6 $ 7,520 28,480 December 11 450 $ 27,000 55,030 December 17 8,900 46,130 December 23 34,000 80,130 December 26 450 79,680 December 30 $ 200 85,280 85,300 85,250 12,200 18,000 NSF* December 31 Interest earned 20 December 31 Service charge 50 NSF check from J. Left, a customer. Cash (A) Debit Credit December 1 Balance 36,000 Checks written during Deposits December: December 11 27,000 7,520 December 23 34,000 450 December 30 18,000 8,900 December 31 11,000 450 50 12,200 5,700 December 31 Balance 90,730 There were no deposits in transit or outstanding checks at November 30.
The December bank statement and cash T-account for Stewart Company follow: BANK STATEMENT Date Checks Deposits Other Balance December 1 $ 36,000 December 6 $ 7,520 28,480 December 11 450 $ 27,000 55,030 December 17 8,900 46,130 December 23 34,000 80,130 December 26 450 79,680 December 30 $ 200 85,280 85,300 85,250 12,200 18,000 NSF* December 31 Interest earned 20 December 31 Service charge 50 NSF check from J. Left, a customer. Cash (A) Debit Credit December 1 Balance 36,000 Checks written during Deposits December: December 11 27,000 7,520 December 23 34,000 450 December 30 18,000 8,900 December 31 11,000 450 50 12,200 5,700 December 31 Balance 90,730 There were no deposits in transit or outstanding checks at November 30.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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