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The cash acsoum for Collegiate thperts Co. on November 1, 20r9, indicated a balance of 113,170. During November, the total cash deposited was s72,170 and

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The cash acsoum for Collegiate thperts Co. on November 1, 20r9, indicated a balance of 113,170. During November, the total cash deposited was s72,170 and checks writen totaled \$67,010. Tha bank tatement indicated a balance of 424,470 on November 30,20 , 2 . Comparing the bank statement, the canceled check5, and the accompanying memos with the records revealed the following reconciling itemst . a. Checks outstanding totaled 110,900 . b. A deposit of 48,1600 , representing receipts of November 30, had been made too late to appear on the bank statement. c. A check for $850 had been incorrectly eharged by the bank as $580. 4. A check for $410 retumed 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. 5. The bank had collected for Coliegiate Sporta Co. $4,690 on a note left for coliection. The face of the note was 54,330. 1. Bank service charges for Nevember ameunted to $30. 9. A check for 11,040 frem Hallen Acaden? was returoed by the bank because of insuticlent funds. 1. Prepare a bank reconciliation as of November 30,20Y. Collegiate Sports Co. Bank Reconciliation 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 entryf leave it blank, 3. If a bulance sheet were prepared for Collegiate Sports Co. on November 30, 20v9, what amount thoudd be reported as cash

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