Bank Reconciliation and Entries\ a. Checks outstanding totaled

$41,840

.\ b. A deposit of

$12,200

, representing receipts of November 30 , had been made too late to appear on the bank statement.\ c. A check for

$7,250

had been incorrectly charged by the bank as

$2,750

.\ e. The bank had collected for Collegiate Sports Co.

$7,385

on a note left for collection. The face of the note was

$7,000

.\ f. Bank service charges for November amounted to

$125

.\ g. A check for

$2,500

from Hallen Academy was returned by the bank because of insufficient funds.\ Required:\ Prepare a bank reconciliation as of November 30 .\ Collegiate Sports Co.\ Bank Reconciliation\ November 30\ Cash balance according to bank statement\ Add outstanding checks

x

\ Adjusted balance\ Cash balance according to company's records\

$

Bank Reconciliation and Entries a. Checks outstanding totaled $41,840. b. A deposit of $12,200, representing receipts of November 30 , had been made too late to appear on the bank statement. c. A check for $7,250 had been incorrectly charged by the bank as $2,750. e. The bank had collected for Collegiate Sports Co. $7,385 on a note left for collection. The face of the note was $7,000. f. Bank service charges for November amounted to $125. g. A check for $2,500 from Hallen Academy was returned by the bank because of insufficient funds. Required: 1. Prepare a bank reconciliation as of November 30