Bank Reconciliation and Entries The cash account for Collegiate Sports Co. on November 1, 2099, indicated a balance of $11,800. During November, the total cash deposited was $64,880 and checks written totaled $60,240. The bank statement indicated a balance of $21,990 on November 30, 2019. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $9,800. b. A deposit of $7,980, representing receipts of November 30, had been made too late to appear on the bank statement. C. A check for $630 had been incorrectly charged by the bank as $360. d. A check for $360 returned with the statement had been recorded by Collegiate Sports Co. as $630. The check was for the payment of an obligation to Ramirez Co. on account. e. The bank had collected for Collegiate Sports Co. $4,220 on a note left for collection. The face of the note was $3,890. f. Bank service charges for November amounted to $60. g. A check for $970 from Hallen Academy was returned by the bank because of insufficient funds. Instructions: 1. Prepare a bank reconciliation as of November 30, 2019. Collegiate Sports Co. Bank Reconciliation November 30, 2019 21,990 Cash balance according to bank statement Add: Deposit in transit on November 30 7,980 Deduct: Outstanding checks 9,800 Deduct: Bank error in charging check as $360 instead of $630 270 Total deductions 10,070 19,900 Adjusted balance Cash balance according to company's records Add: Note collected by bank, including $330 interest 4,220 Add: Error in recording check as $630 instead of $360 270 Total additions 4,490 Deduct: Check returned because of insufficient funds 970 Deduct: Bank service charges 60 Total deductions 1,030 Adjusted balance 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. If an amount box does not require an entry, leave it blank. Cash a. 20Y9 Nov. 30 Notes Receivable Interest Revenue Accounts Payable-Ramirez Co. 1111 IIII III b. Nov. 30 Accounts Receivable-Hallen Academy Miscellaneous Expense Cash 3. If a balance sheet were prepared for Collegiate Sports Co. on November 30, 20Y9, what amount should be reported as cash? $