Reconciliation and Journal Entries [LO 5-4, LO 5-5] [The following information applies to the questions...
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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: 5. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? 5. If the company also has $320 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
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