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Bourne Incorporated reports a cash balance at the end of the month of $2,570. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($83), an NSF check from a customer ($330), a debit card used for the purchase of supplies ($180), and a customer's note receivable collected by the bank ($1,200) plus interest earned ($33). Required: Record the necessary entries to adjust the balance of cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal 1 1 Service Fee Expense Cash 2 2 Accounts Receivable Cash Supplies Expense Cash Debit Credit 83 83 330 330 180 180

Bourne Incorporated reports a cash balance at the end of the month of $2,570. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($83), an NSF check from a customer ($330), a debit card used for the purchase of supplies ($180), and a customer's note receivable collected by the bank ($1,200) plus interest earned ($33). Required: Record the necessary entries to adjust the balance of cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal 1 1 Service Fee Expense Cash 2 2 Accounts Receivable Cash Supplies Expense Cash Debit Credit 83 83 330 330 180 180

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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Bourne Incorporated reports a cash balance at the end of the month of $2,570. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($83), an NSF check from a customer ($330), a debit card used for the purchase of supplies ($180), and a customer's note receivable collected by the bank ($1,200) plus interest earned ($33). Required: Record the necessary entries to adjust the balance of cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal 1 1 Service Fee Expense Cash 2 2 Accounts Receivable Cash Supplies Expense Cash Debit Credit 83 83 330 330 180 180
Transcribed Image Text:Bourne Incorporated reports a cash balance at the end of the month of $2,570. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($83), an NSF check from a customer ($330), a debit card used for the purchase of supplies ($180), and a customer's note receivable collected by the bank ($1,200) plus interest earned ($33). Required: Record the necessary entries to adjust the balance of cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal 1 1 Service Fee Expense Cash 2 2 Accounts Receivable Cash Supplies Expense Cash Debit Credit 83 83 330 330 180 180
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