Bank Reconciliation and Entries The cash account for Collegiate Sports Co. on November 1 indicated a balance of $81 , 145 . During November, the total cash deposited was $293 , 150 , and checks written totaled $307 , 360 . The bank statement indicated a balance of $112 , 675 on November 30 . Cornparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $41 , 840 . 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 $760 returned with the statement had been recorded by Colleglate Sports Co, as $7 , 600 . The check was for the payment of an obligation to Ramirez Co. on account. e. The bank had collected for Collegiate Sports Co. $7 , 385 on a note left for collection. The face of the note was $7 , 000 . f. Bank service charges for November amounted to $125 . 9. A check for $2 , 500 from Hallen Academy was returned by the bank because of insufficlent funds. Cash balance according to bank statement Add deposit of November 30, not recorded by bank 4 112.675 ? 12 , 200 ? 1 ? Deduct outstanding checks ?? Cash balance according to company's records Add note and interest collected by bank Add error in recording check as $7 , 600 instead of $760 Deduct check returned because of insufficient funds ?? Deduct bank service charoes: ? Adfusted balance Feedoatk