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Mandorinprogress=true 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
Mandorinprogress=true 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, 2049. 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, 2019. Collegiate Sports Co. Bank Reconciliation November 30, 2019 Cas balance according to bank statement Total de cons Check My Wormo che Previous 3:48 AM gament Main.do?inprogress=true Calculator 1. Prepare a bank reconciliation as of November 30, 2049. Collegiate Sports Co. Bank Reconciliation November 30, 2019 Cash balance according to bank statement Total deductions Adjusted balance Cash balance according to company's records Total additions Total deductions Adjusted balance Acested balance 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been dosed. If an amount box does not require an entry, leave it blank. 2049 Nov. 30 Nov. 30 3. If a balance sheet were prepared for Collegiate Sports Co. on November 30, 20Y9, what amount should be reported as cash? Check My Work 2 more Check My Work uses remaining ered by Wonk 2 more Check my work usos remaining Previou lo sta e @ 5 9 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. 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. 1. 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, 2019. Collegiate Sports Co. Bank Reconciliation November 30, 2019 Cash balance according to bank statement Total deductions Adrusted balance Work 2 more Check My Work uses remaining Previous 1. Prepare a bank reconciliation as of November 30, 2049. Collegiate Sports Co. Bank Reconciliation November 30, 2019 Cash balance according to bank statement Total deductions Adjusted balance obu Cash balance according to company's records Total additions Total deductions Adjusted balance e stake AssignmentSessionLocator assignment-take&inprogress=false Total additions Total deductions Adjusted balance 2. Journalize the necessary entries (a.) 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. 2019 Nov. 30 Nov. 30 3. a balance sheet were prepared for Collegiate Sports Co. on November 30, 2049, what amount should be reported as cash
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