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The cash account for Collegiate Sports Co. on November 1, 20Y9, indicated a balance of $12,350. During November, the total cash deposited was $68,590 and

image text in transcribedimage text in transcribedimage text in transcribed The cash account for Collegiate Sports Co. on November 1, 20Y9, indicated a balance of $12,350. During November, the total cash deposited was $68,590 and checks written totaled $63,690. The bank statement indicated a balance of $23,250 on November 30, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: Checks outstanding totaled $10,360. . A deposit of $8,440, representing receipts of November 30 , had been made too late to appear on the bank statement. c. A check for $940 had been incorrectly charged by the bank as $490. . A check for $410 returned with the statement had been recorded by Collegiate Sports Co. as $140. The check was for the payment of an obligation to Ramirez Co. on account. e. The bank had collected for Collegiate Sports Co. $4,460 on a note left for collection. The face of the note was $4,120. f. Bank service charges for November amounted to $70. . A check for $1,030 from Hallen Academy was returned by the bank because of insufficient funds. Instructions: 1. Prepare a bank reconciliation as of November 30, 20Y9. 1. Prepare a bank reconciliation as of November 30, 20Y9. 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. 3. If a balance sheet were prepared for Collegiate Sports Co. on November 30, 20Y9, what amount should be reported as cash? $

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