The December bank statement and cash T-account for Stewart Company follow Date Dec. 1 Hithdrawals Deposits Other Balance $48,000 47,500 40, 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 .500 40,300 67,836 65,936 53,930 89,870 88,976 86,778 88,770 38,476 86,820 36,870 86,720 550 $28,000 1,900 12,000 60 36,000 900 2,200 17,000 19,000 $300 1,650 se 150 "NSF cheque from J. Left, a customer. + Cash (A)- Cheques written during December: Dec. 1 Balance 48,000 Deposits Dec. 11 23 30 31 68 90. 7,600 120 5se 1,900 12,000 2,200 36,000 156 13,600 3,500 1,658 Dec. 31 Balance 96,470 There were no deposlts In transit or outstanding cheques. at November 30.
The December bank statement and cash T-account for Stewart Company follow Date Dec. 1 Hithdrawals Deposits Other Balance $48,000 47,500 40, 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 .500 40,300 67,836 65,936 53,930 89,870 88,976 86,778 88,770 38,476 86,820 36,870 86,720 550 $28,000 1,900 12,000 60 36,000 900 2,200 17,000 19,000 $300 1,650 se 150 "NSF cheque from J. Left, a customer. + Cash (A)- Cheques written during December: Dec. 1 Balance 48,000 Deposits Dec. 11 23 30 31 68 90. 7,600 120 5se 1,900 12,000 2,200 36,000 156 13,600 3,500 1,658 Dec. 31 Balance 96,470 There were no deposlts In transit or outstanding cheques. at November 30.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 11MC
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Transcribed Image Text:The December bank statement and cash T-account for Stewart Company follow:
Date
Dec. 1
Withdrawals
Deposits,
other.
Dalance.
$48,600
47,500
40,500
40,380
67,836
65,930
53,930
89,870
38,970
36.770
00,770
88,470,
86,820
86,876
D6,720
anba
4-Cheque
7,000
120
558
1,900
12,000
anba-
$28,000
13-Cheque
17-Cheque
23-Cheque
26-Cheque
28-Cheque
30-Cheque
30-NSF*
31-Cheque
31-Interest earned
31-Service charge
60
36,000
2,200
17,800
$300
1,650
156
"NSF cheque from J. Left, a customer.
+ Cash (A).
Cheques written dur ing
December e
Dec. 1
Balance
48,000
28,000
36,000
Dec. 11
23
30
31
68,
7,000
120
156
17,000
3,500
1,650
13,000
1,980
2,200
Dec, 31
Dalance
96,470
There were no deposits In transit or outstanding cheques at November 30.
Transcribed Image Text:3. Prepare a bank reconcilatlon for December.
STEWART COMPANY
Bank Reconciliation
At December 31
Bank Statenment
Company's Books
Ending balance per Cash account
Additions:
Additions,
Deductions.
[Deductions:
Up-to-date cash balance
0|Up-to-date cash balance
0.
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