the cash balance per the books of widget company is 91178 on november 30 21021 the bank statement for widget shows cash balance of 98008 on november 30 prepare reconcilation statement

4 6. 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 retured by the bank on November 30 marked NSF. The bank charged Widget Company $20 for the returned cheque 5 Included in the cancelled cheques returned with the November bank statement was a cheque for $2,200 written by Newcastle Inc., which had been incorrectly debited to Widget's account by the bank A Widget cheque (1457) for $629 dated November 22 cleared the bank on November 24 This cheque, which was a payment on account to a supplier, was incorrectly journalized by Widget for $692 The recurring bank service charges for November amounted to $65. Instructions Prepare a bank reconciliation for Widget Company at November 30, 2021. 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 will prepare entries to record some of the items found in the above reconciliation (see part B). Describe any other follow-up actions required regarding the other reconciling items in Widget's bank reconciliation E In addition to the bank chequing account that you just reconciled, Widget Company has the following items $4,600 in its bank savings account, a $150 petty cash fund: $3,860 of postdated cheques from customers, $12,700 in highly liquid short-term investments with maturity dates of less than 90 days $26.500 of short-term investments with maturity dates of 100 to 365 days, and $4.800 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 sheet? A B 4 6. 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 retured by the bank on November 30 marked NSF. The bank charged Widget Company $20 for the returned cheque 5 Included in the cancelled cheques returned with the November bank statement was a cheque for $2,200 written by Newcastle Inc., which had been incorrectly debited to Widget's account by the bank A Widget cheque (1457) for $629 dated November 22 cleared the bank on November 24 This cheque, which was a payment on account to a supplier, was incorrectly journalized by Widget for $692 The recurring bank service charges for November amounted to $65. Instructions Prepare a bank reconciliation for Widget Company at November 30, 2021. 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 will prepare entries to record some of the items found in the above reconciliation (see part B). Describe any other follow-up actions required regarding the other reconciling items in Widget's bank reconciliation E In addition to the bank chequing account that you just reconciled, Widget Company has the following items $4,600 in its bank savings account, a $150 petty cash fund: $3,860 of postdated cheques from customers, $12,700 in highly liquid short-term investments with maturity dates of less than 90 days $26.500 of short-term investments with maturity dates of 100 to 365 days, and $4.800 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 sheet? A B