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Bank Reconciliation and Entries The cash account for Collegiate Sports Co. on November 1, 2014, indicated a balance of $81,145. During November, the total cash deposited was $293,150, and checks written totaled $307,360. The bank statement indicated a balance of $112,675 on November 30, 2014. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: 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. d. A check for $760 returned with the statement had been recorded by Collegiate Sports Co. as $7,600 The check was for the payment of an obligation to RamieCo on account. 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