Screen Shot 2012-02..0.54 PM Bank reconciation and entries The cash account for Collegiate Sports Co. on November 1, 2009, indicated ace of $13.820. During the total cash deposited was $75,510 and checks written totale $70,110. The statement indicate of $25,600 on November 30, 2019. Comparing the bank statement, the canceled ches, and the companyingertos with the records revealed the following reconciling items a. 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 $850 had been incorrectly charged by the banks 3530 d. A check for $410 returned with the statement had been recorded by Collegiate Sports Com 3:40. The two for the payment of an obligation to Ramirez Co, on account e. The bank had collected for Collegiate Sports Co. 4,910 on a note tot for collection. The face of the cote was $4,530 1. Bank service charges for November amounted to 550 A check for $1,130 from Hallen Academy was returned by the bank because of insuficient funds, Instructions: Bereen Shot 2022-02.00 Screen Shor 2002-02...1.58 PM Screen Shot 2022-02-121 PM Amount 1. Prepare a bank reconciliation as of November 30, 2009 Collegiate Sports Co. Bank Reconciliation November 30, 2019 Line Item Description Cash balance according to bank statement Deduct: Deposit in transit on November 30 X Add Outstanding checks X Amount 23.00 Screen Shot 2022-02..2.41 PM 11.40 Brevious Amount Amount 25,600 Line Item Description Cash balance according to bank statement Deduct: Deposit in transit on November 30 Add: Outstanding checks Add: Error in recording check 9.290 11.400 270 Total deductions 11,670 23,220 19,220 270 X 4910 X Adjusted balance Cash balance according to company's records Add: Check returned because of insufficient funds X Deduct: Outstanding checksX Total additions Deduct: Check returned because of insufficient funds Add: Outstanding checks Total deductions Adjusted balance 5,180 1,130 x 1,180 23,220 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have nu entry, leave it blank. Date Account Debit Credit Check My Work 1 more Check My Work uses remaining All work saved. Add: Outstanding the Yotal deductions Adjusted balance 2. ma thesary that increase cash and that decrease the courts try, Date Account Debit Credit 30 Ocak x Interest derelle Receive 30 Account Recall Hallen Academy Notes Recht X L 3. the prepare for Cole Sports 10. 2008, what amount who 23,220 Cech M1 kW M 5 6 8 R. D F G H C B
