3 (30 marks) Computer Wizard hired an accounting assistant, Joe John, who accidentally deleted some of Computer Wizard's November 30, 2018 data, including the cash balance and the bank reconciliation. Accountant Wendy World was able to obtain the following from Computer Wizard's accounting and banking records: a. Wendy World determined that two cheques (# 280 for $500.00 and #287 for $660.00) had not been cashed as of December 01. Wendy World was positive that there was only one deposit in transit on the November 30 bank reconciliation, but she was unable to remember the amount. b. The cash receipts and cash payments journals contained the following entries for December 2018: Cash Receipts Cash Payments Amounts Cheque # Amount $ 900.00 300 $ 300.00 1,800.00 301 440.00 3,500.00 302 460.00 3,000.00 303 800.00 700.00 304 570.00 $9,900.00 305 3.500.00 306 307 308 void 490.00 1.100.00 $ 7.660.00 c. Computer Wizard's bank provided the following statement as of December 31, 2018 Date Cheques and Other Debits Deposits and Other Credits Balance Dec 1 #301 440.00 2,500.00 7,000.00 2 #287 660.00 6,340.00 5 #302 460.00 5,880.00 8 900.00 6,780.00 TRU Open Draming ACCT 1211 Accounting 14 #300 300.00 1,200.00 7,680.00 17 EFT 600.00 7,080.00 19 EFT 420.00 7,500.00 22 #304 570.00 1,800.00 8.730.00 22 305 3,900.00 EFT 1,300.00 6,130.00 24 EFT 850.00 6,980.00 27 NSF 1,000.00 3.500.00 9,480.00 28 SC 50.00 9,430.00 31 #308 1,100.00 8,330.00 d. The deposit made on December 14 was for the collection of a note receivable ($1,100.00) plus interest e. The electronic transfers (EETS) had not yet been recorded by Computer Wizard because the bank statement was the first notification of them. o The December 17 EFT was for the monthly payment on an insurance policy for Computer Wizard. o The December 19 and December 22 EFTs were collections on accounts receivable. o The December 24 EFT was in error; the transfer should have been to Computer World. f. The NSF cheque on December 27 was received from a customer as payment for computer repairs. g. Cheque #305 was correctly written for $3,900.00 for the purchase of computers (assume a periodic inventory system), but was incorrectly recorded by the accounting assistant. Required: A. Prepare Computer Wizard's bank reconciliation statement as of December 31, 2018, including the calculation of the book balance of December 31, 2018, B. Prepare all necessary journal entries that would be required as a result of the December 31, 2018 bank reconciliation statement. A Computer Wizard Bank Reconciliation Statement December 31, 2018 B. General Joumal DATE 2018 ACCOUNT TITLES AND EXPLANATIONS POST REF. DEBIT CREDIT