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Bank reconciliation and entries The cash account for Collegiate Sports Co. on November 1, 2019, indicated balance of $13.320 During November total de 5.510 end
Bank reconciliation and entries The cash account for Collegiate Sports Co. on November 1, 2019, indicated balance of $13.320 During November total de 5.510 end the written totaled 570,110. The bank statement indicated a balance of $25.600 on November 30, 2009. Comparing the bank statement the need ched and the accompanying memes with the records revealed the following reconciling Item: Checks outstanding totaled $11,400 b. A deposit of $9,290, representing receipts of November 30, had been made too late to appear on the bank statement. c. A check for Sohad been incorrectly charged by the bank as $580. d. A check for $410 returned with the statement had been recorded by Collegiate Sports Co s $140. The check was for the payment of an intento Ramis on account e. The bank had collected for Collegiate Sports Co. $4,910 on a note le for collection. The face of the note was 0.530 1. Bank service charges for November mounted to $50. A check for $1,130 from Main Academy was returned by the bank because of insuficient funds Instructions: 1. Prepare a bank reconciliation as of November 30, 2019 Collegiate Sports Co. Bank Reconciliation November 30, 2019 Amount Amount Line Item Description Cash balance according to bank statement Total deductions dested balance Collegiate Sports Co. Bank Reconciliation November 30, 2019 Line Item Description Cash balance according to bank statement Amount Amount Total deductions Adjusted balance Cash balance according to company's records DO DOI I DO Total additions Total deductions Adjusted balance 2. Joe the necessary tries) that increases and decreases the account have much to entry leave it blank Bount Debat Credit Total additions Total deductions Adjusted balance 2. Journalize the necessary entries (a) that increase cath and (b) that decrease cash. The account het een does not des entry, leave it blank Date Account Debit Credit a 2009 Nov. 30 D. NO. 30 3. If a balance sheet were prepared for College Sports Co. on November 30, 2019, wat mount should be reported as a Press
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