Bourne Incorporated reports a cash balance at the end of the month of $2,320. A comparison of the monthly bank statement reveals several additional cash transactions: bank service fees ($73), an NSF customer's note receivable collected by the bank ($1,100), and interest earned ($23).
Bourne Incorporated reports a cash balance at the end of the month of $2,320. A comparison of the monthly bank statement reveals several additional cash transactions: bank service fees ($73), an NSF customer's note receivable collected by the bank ($1,100), and interest earned ($23).
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter8: Sarbanes-oxley, Internal Control, And Cash
Section: Chapter Questions
Problem 19E
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