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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

void

307

490.00

308

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

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 (EFTs) had not yet been recorded by Computer Wizard because the bank statement was the first notification of them.

The December 17 EFT was for the monthly payment on an insurance policy for Computer Wizard.

The December 19 and December 22 EFTs were collections on accounts receivable.

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: Prepare Computer Wizard's bank reconciliation statement as of December 31, 2018, including the calculation of the book balance of December 31, 2018.