AutoSave oh Assignment 5 (1) - Protected ViewSaved to this RC Search (Alt+a) Harsimarjit Singh HS File Comments Share Home Insert Draw Design Layout References Mailings Review Review View Help PROTECTED VIEW Be carefulfiles from the Internet can contain viruses. Unless you need to edit. it's safe to stay in Protected View Enable Editing 4 The cash balancs per the books of Wickel Company is $91,178 on November 30, 2021. The bank statement for Widget shows a cash balance of $98.008 on November 30. The following additional items were noted 1. A deposit of $13,600 made by Wicipel on Noverndser 30 was not recorded by the barik until December 2 2. Outstanding cheques (cheques written by Widget but not yet cleared by the bank) at Oct. 31 ) were #1012 for $10.500 1044 for $5,100 #1078 for $3,500 Outstanding cheques (cheques written by Widget but not yet deared by the bank) at Now 30 are: #1044 for $5.100 N1110 for $15,00D #1168 for $9.200 #1198 for S 800 3. A review of the bank statement revealed that Widget Company received electronic payments for customers on account of S925 in November. The bank has also crediled Widgel's 30count with $17 of interest revenue on November 30. Widget had no previous rolice of these amounts. The bank statement showed an NSF charge on November 30 of $3,420. A cheque for $3,400 from a customer, Bodington Consulting Limited, which had been deposited in November, was returned by the bank on November 30 marked "NSE.* The bank charged Widget Company $20 for the returned cheque 5. Included in the cancelled cheques returned with the Nuverter bank statement was a cheque for $2 200 written by Newcastle Inc., which had been incorrectly debited to Widget's account by the bank. 6. Widget cheque (#457) for $629 dated November 22 cleared the bank on November 24. This cheque, which was a payment on account to a supplier, was incorrectly joumalized by Widget for $692 The recurring bank service charges for November amounted to $55. Instructions Prepare a bank reconciliation for Widget Company at November 30, 2021. R Prepare journal entries to update the cash balance per books C. What amount will show on the November 30, 2021 balance sheet for the cash account? D The company wil prepare entios lo record some of the items found in the above reconciliationi (see part B). Descube any other follow-up achons required regarding the other reconciling rems in Widget's bank reconciliation E In addition to the bank chequing account that you just neconciled, Widget Company has the following items: $1,600 in its bank savings account, a $150 petty cash fund: $3,860 of postdated cheques from customers, 512,700 in Highly liquid short-term investments will malurily dales or less than 90 days $25,500 of short-term investments with matunty dates of 100 to 365 days and $4,100 in a bank account restricted for use in repayment of customer deposits on goods and services. How will each of these items be reported on the balance sheat? Page 1 of 1 142 of 450 words Focus E Te 90% 00:31 -4C Cloudy P ENG IN 40 D 27-03-2022 AutoSave oh Assignment 5 (1) - Protected ViewSaved to this RC Search (Alt+a) Harsimarjit Singh HS File Comments Share Home Insert Draw Design Layout References Mailings Review Review View Help PROTECTED VIEW Be carefulfiles from the Internet can contain viruses. Unless you need to edit. it's safe to stay in Protected View Enable Editing 4 The cash balancs per the books of Wickel Company is $91,178 on November 30, 2021. The bank statement for Widget shows a cash balance of $98.008 on November 30. The following additional items were noted 1. A deposit of $13,600 made by Wicipel on Noverndser 30 was not recorded by the barik until December 2 2. Outstanding cheques (cheques written by Widget but not yet cleared by the bank) at Oct. 31 ) were #1012 for $10.500 1044 for $5,100 #1078 for $3,500 Outstanding cheques (cheques written by Widget but not yet deared by the bank) at Now 30 are: #1044 for $5.100 N1110 for $15,00D #1168 for $9.200 #1198 for S 800 3. A review of the bank statement revealed that Widget Company received electronic payments for customers on account of S925 in November. The bank has also crediled Widgel's 30count with $17 of interest revenue on November 30. Widget had no previous rolice of these amounts. The bank statement showed an NSF charge on November 30 of $3,420. A cheque for $3,400 from a customer, Bodington Consulting Limited, which had been deposited in November, was returned by the bank on November 30 marked "NSE.* The bank charged Widget Company $20 for the returned cheque 5. Included in the cancelled cheques returned with the Nuverter bank statement was a cheque for $2 200 written by Newcastle Inc., which had been incorrectly debited to Widget's account by the bank. 6. Widget cheque (#457) for $629 dated November 22 cleared the bank on November 24. This cheque, which was a payment on account to a supplier, was incorrectly joumalized by Widget for $692 The recurring bank service charges for November amounted to $55. Instructions Prepare a bank reconciliation for Widget Company at November 30, 2021. R Prepare journal entries to update the cash balance per books C. What amount will show on the November 30, 2021 balance sheet for the cash account? D The company wil prepare entios lo record some of the items found in the above reconciliationi (see part B). Descube any other follow-up achons required regarding the other reconciling rems in Widget's bank reconciliation E In addition to the bank chequing account that you just neconciled, Widget Company has the following items: $1,600 in its bank savings account, a $150 petty cash fund: $3,860 of postdated cheques from customers, 512,700 in Highly liquid short-term investments will malurily dales or less than 90 days $25,500 of short-term investments with matunty dates of 100 to 365 days and $4,100 in a bank account restricted for use in repayment of customer deposits on goods and services. How will each of these items be reported on the balance sheat? Page 1 of 1 142 of 450 words Focus E Te 90% 00:31 -4C Cloudy P ENG IN 40 D 27-03-2022