[The following information applies to the questions displayed below.] The December bank statement and cash T-account for Stewart Company follow: Date December 1 December 6 December 11 December 17 December 23 December 26 December 30 December 31 December 31 * NSF check from J. Left, a customer. December 1 Deposits December 11 December 23 December 30 December 31 Checks $ 7,540 470 9,900 470 13,600 Debit Balance December 31 Balance BANK STATEMENT Deposits $ 27,000 34,000 18,000 NSF* Cash (A) 38,400 27,000 34,000 18,000 11,000 90,950 Other Interest earned Service charge Credit $ 220 30 70 Checks written during December: 7,540 470 9,900 470 70 13,600 5,400 There were no deposits in transit or outstanding checks at November 30. Balance $ 38,400 30,860 57,390 47,490 81,490 81,020 85,200 85,230 85,160 4. Prepare any journal entries that the company should make as a result of the bank reconciliation. (If no entry is require
[The following information applies to the questions displayed below.] The December bank statement and cash T-account for Stewart Company follow: Date December 1 December 6 December 11 December 17 December 23 December 26 December 30 December 31 December 31 * NSF check from J. Left, a customer. December 1 Deposits December 11 December 23 December 30 December 31 Checks $ 7,540 470 9,900 470 13,600 Debit Balance December 31 Balance BANK STATEMENT Deposits $ 27,000 34,000 18,000 NSF* Cash (A) 38,400 27,000 34,000 18,000 11,000 90,950 Other Interest earned Service charge Credit $ 220 30 70 Checks written during December: 7,540 470 9,900 470 70 13,600 5,400 There were no deposits in transit or outstanding checks at November 30. Balance $ 38,400 30,860 57,390 47,490 81,490 81,020 85,200 85,230 85,160 4. Prepare any journal entries that the company should make as a result of the bank reconciliation. (If no entry is require
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Required Information
[The following information applies to the questions displayed below.]
The December bank statement and cash T-account for Stewart Company follow:
Date
December 1
December 6
December 11
December 17
December 23
December 26
December 30
December 31
December 31
NSF check from J. Left, a customer.
December 1
Deposits
December 11
December 23
December 30
December 31
December 31
Checks
$ 7,540
9,900
13,600
Debit
Balance
Balance
BANK STATEMENT
Deposits
$ 27,000
34,000
18,000
Cash (A)
38,400
27,000
34,000
18,000
11,000
90,950
Other
NSF*
Interest earned
Service charge
Credit
Checks written during
December:
7,540
9,900
470
-
$ 220
30
13,600
5,400
There were no deposits in transit or outstanding checks at November 30.
Balance
$ 38,400
30,860
57,390
47,490
81,490
81,020
85,200
85,230
85,160
4. Prepare any journal entries that the company should make as a result of the bank reconciliation. (If no entry is required for a
transaction/event, select "No Journal Entry Required" in the first account field.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F22969543-4b1b-47a8-98d2-f1e5e1e74392%2F225aeadc-d518-431a-b253-be38ea53f216%2Fdj35dn5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required Information
[The following information applies to the questions displayed below.]
The December bank statement and cash T-account for Stewart Company follow:
Date
December 1
December 6
December 11
December 17
December 23
December 26
December 30
December 31
December 31
NSF check from J. Left, a customer.
December 1
Deposits
December 11
December 23
December 30
December 31
December 31
Checks
$ 7,540
9,900
13,600
Debit
Balance
Balance
BANK STATEMENT
Deposits
$ 27,000
34,000
18,000
Cash (A)
38,400
27,000
34,000
18,000
11,000
90,950
Other
NSF*
Interest earned
Service charge
Credit
Checks written during
December:
7,540
9,900
470
-
$ 220
30
13,600
5,400
There were no deposits in transit or outstanding checks at November 30.
Balance
$ 38,400
30,860
57,390
47,490
81,490
81,020
85,200
85,230
85,160
4. Prepare any journal entries that the company should make as a result of the bank reconciliation. (If no entry is required for a
transaction/event, select "No Journal Entry Required" in the first account field.)
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