Bank reconciliation and entries The cash account for Collegiate Sports Co. on November 1, 20Y9, indicated a balance of $12,500. During November, the total cash deposited was $68,420 and checks written totaled $63,530. The bank statement indicated a balance of $23,190 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 $10,330. b. A deposit of $8,420, 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 $410 returned with the statement had been recorded by Collegiate Sports Co. as $140. The check was for the payment of an obligation to Ramirez Co. on account. e. The bank had collected for Collegiate Sports Co. $4,450 on a note left for collection. The face of the note was $4,110. f. Bank service charges for November amounted to $70. g. A check for $1,030 from Hallen Academy was returned by the bank because of insufficient funds. Instructions: 1. Prepare a bank reconciliation as of November 30, 20Y9. Collegiate Sports Co. Bank Reconciliation November 30, 20Y9 Line Item Description Cash balance according to bank statement Total deductions Amount Amount

The cash account for Collegiate Sports C0, on November 1,209, indicated a balance of $12,500. During Novernber, the total cash deposited was $68,420 and checks written totaled $03,530. The bank statement indicated a balance of $23,190 on November 30,20r9, Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $10,330. b. A deposit of $8,420, 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 $410 returned with the statement had been recorded by Collegiate Sports C0. as $140. The check was for the payment of an obligation to Ramirez Co, on account. e. The bank had collected for Collegiate Sports Co0$4,450 on a note left for collection. The face of the note was $4,110. f. Bank service charges for November amounted to $70. 0. A check for \$1,030 from Hallen Acaderny was returned by the bank because of insufficient funds. Instructions: 1. Prepare a bank reconciliation as of November 30,20rg. 2. Journalize the necessary entrien (a.) that increase cash and (b.) that docrease cash. The accounts have not been dosed. if an amount box does not require an entry, feave it tiank