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Print them Barcolation and Entries The cash account for College Sports Co. on November 1'indicated balance of 501,145. During November, the total cash deposited was
Print them Barcolation and Entries The cash account for College Sports Co. on November 1'indicated balance of 501,145. During November, the total cash deposited was 5293,150, and checks written totaled $307,360. The bank trant indicated a balance of $112.675 on November 30, Comparing the bank statement, the canceled checa, and the accompanying memos with the records realed the following reconciling temi: #. Check outstanding totaled 541,640 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 4760 returned with the statement had been recorded by Collegiate Sports Co. os 87,600. The check was for the payment of an obligation to Tamret Co. on secount The banks had collected for Collegiate Sports Co. 37.305 on a note lett for collection. The face of the note was 7,000 Bank service charges for November amounted te 5125 - A check for $2,500 from Hallen Academy was returned by the bank because of insufficient funde Required: 1. Prepare a bank reconciliation as of November 30. Collegiate Sports Co. Bank Reconciliation November 30 Cath balance according to bank statement adjusted balance Cash balance according to company's records bili Cash balance according to company's records QUQU Adjusted balance 2. Journalize the necessary entries (a) that increase cash and (b) that decrease cash. The accounts have not been closed, 11 box does not require an entry, leave it bank a. Nov. 30 (11 110 0011 b. Nov. 30 3. If a balance sheet is prepared for Collegiate Sports Co. on November 20, what amount should be reportadas cash
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