Bank Reconciliation and Entries The cash account for Collegiate Sports Co. on November 1, 2099, 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, 2019. 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 Ramirez Co 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. 9. 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, 2049. Collegiate Sports Co. Bank Reconciliation November 30, 2019 Cash balance according to bank statement Adjustments: Deposit of November 30, not recorded by bank Bank error in charging check as $2,750 Instead of $7,250 Proceeds of note collected by bank, Including $345 interest 9 Adjusted balance 2. Journalize the necessary entries (a.) that increase cash and (b) that decrease cash. The accounts have not been closed. For a compound entry. If an amount box does not require an entry, leave it blank 2019 Nov. 30 X X X X X X X 111 DOL Nov. 30 X 3. If a balance sheet were prepared for Collegiate Sports Co. on November 30, 2019, what amount should be reported as cash? WIR Vice charges Total adjustments Adjusted balance 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. For a compound entry, does not require an entry, leave it blank. 2079 Nov. 30 X X X X X X III III III IIII Nov. 30 X X X 3. If a balance sheet were prepared for Collegiate Sports Co. on November 30, 2019, what amount should be reported as cash