PLZZ Answer!

Bank Reconciliation and Entries

The cash account for Collegiate Sports Co. on November 1, 20Y9, indicated a balance of $11,990. During November, the total cash deposited was $65,890 and checks written totaled $61,180. The bank statement indicated a balance of $22,340 on November 30, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items:

1. Checks outstanding totaled $9,950.
2. A deposit of $8,100, representing receipts of November 30, had been made too late to appear on the bank statement.
3. A check for $630 had been incorrectly charged by the bank as $360.
4. A check for $580 returned with the statement had been recorded by Collegiate Sports Co. as $850. The check was for the payment of an obligation to Ramirez Co. on account.
5. The bank had collected for Collegiate Sports Co. $4,280 on a note left for collection. The face of the note was $3,950.
6. Bank service charges for November amounted to $40.
7. A check for $990 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
Cash balance according to bank statement		$fill in the blank cd7d65fd1ff2fad_1
		fill in the blank cd7d65fd1ff2fad_3
	$fill in the blank cd7d65fd1ff2fad_5
	fill in the blank cd7d65fd1ff2fad_7
Total deductions		fill in the blank cd7d65fd1ff2fad_8
Adjusted balance		$fill in the blank cd7d65fd1ff2fad_9
Cash balance according to company's records		$fill in the blank cd7d65fd1ff2fad_10
	$fill in the blank cd7d65fd1ff2fad_12
	fill in the blank cd7d65fd1ff2fad_14
Total additions		fill in the blank cd7d65fd1ff2fad_15
	$fill in the blank cd7d65fd1ff2fad_17
	fill in the blank cd7d65fd1ff2fad_19
Total deductions		fill in the blank cd7d65fd1ff2fad_20
Adjusted balance		$fill in the blank cd7d65fd1ff2fad_21

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.

a. 20Y9 Nov. 30		fill in the blank 24ada4004fdd004_2	fill in the blank 24ada4004fdd004_3
		fill in the blank 24ada4004fdd004_5	fill in the blank 24ada4004fdd004_6
		fill in the blank 24ada4004fdd004_8	fill in the blank 24ada4004fdd004_9
		fill in the blank 24ada4004fdd004_11	fill in the blank 24ada4004fdd004_12
b. Nov. 30		fill in the blank 24ada4004fdd004_14	fill in the blank 24ada4004fdd004_15
		fill in the blank 24ada4004fdd004_17	fill in the blank 24ada4004fdd004_18
		fill in the blank 24ada4004fdd004_20	fill in the blank 24ada4004fdd004_21

3. If a balance sheet were prepared for Collegiate Sports Co. on November 30, 20Y9, what amount should be reported as cash?