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Identifying Outstanding Checks and Despoits in Transit and Preparing a Bank Reconcilation and Journal Entries.
The December bank statement and cash T Account for Stewart Company follow

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PA5-3 (Algo) Identifying Outstanding Checks and Deposits in Transit and Preparing a Bank Reconciliation
3. Prepare a bank reconciliation for December.
Required information PA5-3 (Algo) Identifying Outstanding Checks and Deposits in Transit and Preparing a Bank Reconciliation and Journal Entries [LO 5-4, LO 5-5] [The following information applies to the questions displayed below.] The December bank statement and cash T-account for Stewart Company follow: 3. Prepare a bank reconciliation for December.


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(1)Deposit in transit = $13,000(2)Outstanding checks = $4,810Outstanding checks=$160+$4,650=$4,810Bank Reconciliation S
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