The December bank statement and cash T-account for Stewart Company follow: BANK STATEMENTDateChecksDepositsOtherBalanceDec. 1 $45,6006$7,600 38,00011 530$27,000 64,47017 12,900 51,57023 35,000 86,57026 530 86,04030 17,800 18,000NSF*$280 85,96031 Interest earned 60 86,02031 Service charge 130 85,890 * NSF check from J. Left, a customer. Cash (A)Dec. 1Balance45,600 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. 31Balance93,610 There were no deposits in transit or outstanding checks at November 30. How would i enter this data in the bank reconcilliation table

An outstanding deposit is a company's receipts which have been recorded by the company, but the…

Answered: The December bank statement and cash…

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter8: Sarbanes-oxley, Internal Control, And Cash

Section: Chapter Questions

Problem 18E

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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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