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Bourne Incorporated reports a cash balance at the end of the month of $2,595. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($84), an NSF check from a customer ($340), a debit card used for the purchase of supplies ($190), and a customer's note receivable collected by the bank ($1,100) plus interest earned ($34). 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 Journal entry worksheet > 1 2 Record the amounts that increase cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit >

Bourne Incorporated reports a cash balance at the end of the month of $2,595. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($84), an NSF check from a customer ($340), a debit card used for the purchase of supplies ($190), and a customer's note receivable collected by the bank ($1,100) plus interest earned ($34). 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 Journal entry worksheet > 1 2 Record the amounts that increase cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit >

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 $2,595. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($84), an NSF check from a customer ($340), a debit card used for the purchase of supplies ($190), and a customer's note receivable collected by the bank ($1,100) plus interest earned ($34). 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 Journal entry worksheet 1 2 Record the amounts that increase cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit
Transcribed Image Text:Bourne Incorporated reports a cash balance at the end of the month of $2,595. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($84), an NSF check from a customer ($340), a debit card used for the purchase of supplies ($190), and a customer's note receivable collected by the bank ($1,100) plus interest earned ($34). 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 Journal entry worksheet 1 2 Record the amounts that increase cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit
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