The December bank statement and cash T-account for Stewart Company follow: BANK STATEMENT Date Checks Deposits Other Balance Dec. 1 $ 45,600 6 $ 7,600 38,000 11 530 $ 27,000 64,470 17 12,900 51,570 23 35,000 86,570 26 530 86,040 30 17,800 18,000 NSF* $ 280 85,960 31 Interest earned 60 86,020 31 Service charge 130 85,890 * NSF check from J. Left, a customer. Cash (A) Dec. 1 Balance 45,600 Deposits Checks written during December: Dec. 11 27,000 7,600 23 35,000 530 30 18,000 12,900 31 12,000 530 130 17,800 4,500 Dec. 31 Balance 93,610 There were no deposits in transit or outstanding checks at November 30. How would i enter this data in the bank reconcilliation table
The December bank statement and cash T-account for Stewart Company follow: BANK STATEMENT Date Checks Deposits Other Balance Dec. 1 $ 45,600 6 $ 7,600 38,000 11 530 $ 27,000 64,470 17 12,900 51,570 23 35,000 86,570 26 530 86,040 30 17,800 18,000 NSF* $ 280 85,960 31 Interest earned 60 86,020 31 Service charge 130 85,890 * NSF check from J. Left, a customer. Cash (A) Dec. 1 Balance 45,600 Deposits Checks written during December: Dec. 11 27,000 7,600 23 35,000 530 30 18,000 12,900 31 12,000 530 130 17,800 4,500 Dec. 31 Balance 93,610 There were no deposits in transit or outstanding checks at November 30. How would i enter this data in the bank reconcilliation table
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The December bank statement and cash T-account for Stewart Company follow:
|
BANK STATEMENT |
|||||||||
| Date | Checks | Deposits | Other | Balance | |||||
| Dec. 1 | $ | 45,600 | |||||||
| 6 | $ | 7,600 | 38,000 | ||||||
| 11 | 530 | $ | 27,000 | 64,470 | |||||
| 17 | 12,900 | 51,570 | |||||||
| 23 | 35,000 | 86,570 | |||||||
| 26 | 530 | 86,040 | |||||||
| 30 | 17,800 | 18,000 | NSF* | $ | 280 | 85,960 | |||
| 31 | Interest earned | 60 | 86,020 | ||||||
| 31 | Service charge | 130 | 85,890 | ||||||
* NSF check from J. Left, a customer.
| Cash (A) | |||||||
| Dec. 1 | Balance | 45,600 | |||||
| Deposits | Checks written during December: | ||||||
| Dec. 11 | 27,000 | 7,600 | |||||
| 23 | 35,000 | 530 | |||||
| 30 | 18,000 | 12,900 | |||||
| 31 | 12,000 | 530 | |||||
| 130 | |||||||
| 17,800 | |||||||
| 4,500 | |||||||
| Dec. 31 | Balance | 93,610 |
There were no deposits in transit or outstanding checks at November 30.
How would i enter this data in the bank reconcilliation table
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