Intern Control and Cash Instructions 1. Prepare a bank reconciliation. 2. Journalize the necessary entries. 3. a balance sheet were prepared for Stone systems on July 31, 20Y5 hat amount should be reported as cash? PR 7-4B Bank reconciliation and entries balance: The cash account for Collegiate Sports November 1, Obi- 5 $78,535 Co. on 20Y9 indicated a balance of ss1,145. During November, the total cash deposited was $293,150, and checks written totaled $307,360. The bank statement indicated a balance of November 30, 20Y9. Comparing the bank statement, the $112,675 memos with the records revealed the following canceled checks, and the accompanying reconciling items: A. Checks outstanding totaled $41.840, deposit of $12,200, representing receipts of November 30, had been made too late to appear on the bank Acheck for $7,250 had been incorrectly charged by the bank as S2750. D A check for s760 returned with the statement had been by collegiate Sports Co. as $7600.The check was for the payment of an obligation to Ramirez Co account E. The bank had collected for Collegiate Sports Co. $7.38s on a note left for collection. The face of the note was $7,000. F Bank service charges for November amounted to $125. G. A check for $2,500 from Hallen Academy was returned by the bank because of insufficient funds. Instructions 1. Prepare a bank reconciliation as of November 30, 20Y9. 2. Journalize the necessary entries. 3. Lf a balance sheet were prepared for Collegiate Sports Co. on November 30, 20Y9, what amount should be reported as cash? PR 75B Bank reconciliation and entries Obi, 5 Sunshine Interiors all receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank statement as of July 31, 20Yo,have been taken from various documents and records and are reproduced as follows. The sources of the data are printed letters. All checks written for payments on in capital CASH ACCOUNT: $9,578.00 Balance as of July 1 646542