Transcribed Image Text: [The following information applies to the questions displayed below

Transcribed Image Text: [The following information applies to the questions displayed below.]
The December bank statement and cash T-account for Stewart Company follow:
BANK STATEMENT
Date
Checks Deposits
Other
Balance
$ 48,000
40, 380
67,830
53,930
৪9,938
৪৪, 978
88,470
88,520
88,370
Dec. 1
$ 7,620
550 $28,000
13,900
11
17
23
36, 800
26
960
NSF
Interest earned
30
19, eee
$300
5e
19, 200
31
31
Service charge
150
NSF check from J. Left, a customer.
Cash (A)
Dec. 1 Balance
Deposits
Dec. 11
48, e00
28,e00
36, e00
19,e09
13, еев
Checks written during December:
7,620
550
13,900
960
23
30
31
150
19, 200
4,500
Dec. 31 Balance
97,120
There were no deposits in transit or outstanding checks at November 30.
5. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger?
6. If the company also has $300 of petty cash on hand, which is recorded in a different account called Petty Cash on Hand, what total
amount of Cash and Cash Equivalents should be reported on the December 31 balance sheet?
5. Balance in Cash Account
6. Total Amount of Cash and Cash Equivalents

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