Bank Reconciliation and Entries The cash account for Collegiate Sports Co. on November 1, 20Y9, indicated a balance of $11,940. During November, the total cash deposited was $65,700 and checks written totaled $61,000. The bank statement indicated a balance of $22,270 on November 30, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $9,920. b. A deposit of $8,080, 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. $4,270 on a note left for collection. The face of the note was $3,940. f. Bank service charges for November amounted to $30. g. A check for $990 from Hallen Academy was returned by the bank because of insufficient funds.

Bank Mocanciliation and Entries The eash account for Collegiate Sports Co, on November 1, 20v9, indicated a balance of $11,940. During November, the total cash deposited was $65,700 and checks written totaled 361,000 . The bank statement indicated a balance of $22,270 on November 30, 20r9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconcling items: a. Checks outstanding totaled $9,920. b. A deposit of $8,080, 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 retumed with the statement had been recorded by Collegiate $portsCo. as $630, The check was for the payment of an obligation to Ramirez Co. on account. e. The bank had collected for Collegiate Sports Ca. $4,270 on a note left for collection. The face of the note was $3,940. f. Bank service charges for November amounted to $30, 9. A check for $990 from Hallen Academy was returned by the bank because of insufficient funds. 2. Journalize the necessory entries (0.) 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. a. 20Yg Nov, 30 b. Nov. 30 3. If a balance sheet were prepared for Collegiate 5portsC0. on November 30,20Y9, what amount should be reported as cash