withdrawals Balance $48,000 47,500 40,500 40, 380 67,830 65,930 53,930 89,870 88,970 86,770 88,770 88,470 86, 820 86,870 86,720 Deposits Other Date Dec. 1 2-Cheque 4-Cheque 6-Cheque 11-Cheque. 13-Cheque 17-Cheque 23-Cheque 26-Cheque 28-Cheque 30-Cheque 30-NSF* 31-Cheque 31-Interest earned 31-Service charge 500 7,000 120 550 1,900 12,000 60 $28,000 36,000 2,200 17,000 19,000 $300 1,650 5e 150 NSF cheque from J. Left, a customer. + Cash (A) - Cheques written during Dec. 1 Balance 48,000 December: Deposits Dec. 11 23 60 28,000 36,000 19,000 13,000 500 7,000 900 30 120 150 17,000 3,590 1,650 81 550 1,900 12,000 2,200
withdrawals Balance $48,000 47,500 40,500 40, 380 67,830 65,930 53,930 89,870 88,970 86,770 88,770 88,470 86, 820 86,870 86,720 Deposits Other Date Dec. 1 2-Cheque 4-Cheque 6-Cheque 11-Cheque. 13-Cheque 17-Cheque 23-Cheque 26-Cheque 28-Cheque 30-Cheque 30-NSF* 31-Cheque 31-Interest earned 31-Service charge 500 7,000 120 550 1,900 12,000 60 $28,000 36,000 2,200 17,000 19,000 $300 1,650 5e 150 NSF cheque from J. Left, a customer. + Cash (A) - Cheques written during Dec. 1 Balance 48,000 December: Deposits Dec. 11 23 60 28,000 36,000 19,000 13,000 500 7,000 900 30 120 150 17,000 3,590 1,650 81 550 1,900 12,000 2,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The December bank statement and cash T-account for Stewart Company follow
Withdrawal1s
Other
Balance
$48,000
47,500
40,500
40,380
67,830
Deposits
Date
Dec.
2-Cheque
4-Cheque
B-Cheque
11-Cheque
13-Cheque
17-Cheque
23-cheque
26-Cheque
28-Cheque
30-Cheque,
30-NSF*
31-Cheque
31-Interest earned
31-Service, charge
7,000
120
558
$28,000
53,930
89,870
88,978
86,770
88,770
88,470
86,820
86,878
86,720
36,000
2,200
17,000
19,000
1,658
150
NSF cheque from J Left a customer,
+ Cash (A)
Cheques written during
December:
Dec, 1
Balance
48,000
Deposits
bec,11
23
60
28,000
36,000
19,000
13,000
500
7,000
120
550
1,900
12,000
2,200
150
17,000
3,500
1,650
31
Dec.31
Balance
క6, 478
There were no deposits In translt or outstanding cheques at November 30.
Required:
1. Identify and list the deposits In transit at the end of December.
December 11
December 23
December 30
December 31
2. Identify and list the outstanding cheques at the end of December.
Outstanding.cheques 1
Outstanding cheques 2
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