The December bank statement and cash T-account for Stewart Company follow. BANK STATEMENT Checks Deposits Balance $ 48,000 40, 380 67,830 53,930 89,930 88,970 88,470 88,520 88, 370 Date Other Dec. 1 $ 7,620 55e $28, 000 13,90e 11 17 23 36, eee 26 960 30 19, 200 19, 000 NSF $300 Interest earned Service charge 31 se 31 15e *NSF check from J. Left, a customer. Cash (A) Dec. 1 Balance 48, eee Deposits 28, 0ee 36, eee 19,000 13,000 Checks written during December: 7,620 5se 13,900 960 Dec. 11 23 30 31 15e 19, 200 4,500 Dec. 31 Balance 97,120 There were no deposits in transit or outstanding checks at November 30. 3. Prepare a bank reconciliation for December. STEWART COMPANY Bank Reconciliation At December 31 Bank Statement Company's Books Ending Balance Per Bank Statement Ending Balance Per Cash Account Additions: Additions: Deductions: Deductions: Up-to-Date Cash Balance Up-to-Date Cash Balance
The December bank statement and cash T-account for Stewart Company follow. BANK STATEMENT Checks Deposits Balance $ 48,000 40, 380 67,830 53,930 89,930 88,970 88,470 88,520 88, 370 Date Other Dec. 1 $ 7,620 55e $28, 000 13,90e 11 17 23 36, eee 26 960 30 19, 200 19, 000 NSF $300 Interest earned Service charge 31 se 31 15e *NSF check from J. Left, a customer. Cash (A) Dec. 1 Balance 48, eee Deposits 28, 0ee 36, eee 19,000 13,000 Checks written during December: 7,620 5se 13,900 960 Dec. 11 23 30 31 15e 19, 200 4,500 Dec. 31 Balance 97,120 There were no deposits in transit or outstanding checks at November 30. 3. Prepare a bank reconciliation for December. STEWART COMPANY Bank Reconciliation At December 31 Bank Statement Company's Books Ending Balance Per Bank Statement Ending Balance Per Cash Account Additions: Additions: Deductions: Deductions: Up-to-Date Cash Balance Up-to-Date Cash Balance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:The December bank statement and cash T-account for Stewart Company follow:
BANK STATEMENT
Date
Checks Deposits
Other
Balance
$ 48, 000
40, 380
67,830
53,930
৪9,938
88,970
88,470
88,520
88,370
Dec. 1
$ 7,620
550 $28,000
13,900
6.
11
17
23
36, e00
26
960
30
19, 200
19,000
NSF*
$300
31
Interest earned
50
31
Service charge
150
NSF check from J. Left, a customer.
Cash (A)
Dec. 1 Balance
Deposits
Dec. 11
23
48, 000
28, e0e
36, eee
Checks written during December:
7,620
550
30
13,900
960
19, e00
31
13,e00
150
19, 200
4,500
Dec. 31 Balance
97,120
There were no deposits in transit or outstanding checks at November 30.
3. Prepare a bank reconciliation for December.
STEWART COMPANY
Bank Reconciliation
At December 31
Bank Statement
Company's Books
Ending Balance Per Bank Statement
Ending Balance Per Cash Account
Additions:
Additions:
Deductions:
Deductions:
Up-to-Date Cash Balance
Up-to-Date Cash Balance
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