Question: 1. Record the amounts that increase cash 2. Record the amounts that decrease cash Bourne Incorporated reports a cash balance at the end of the

 1. Record the amounts that increase cash 2. Record the amounts
1. Record the amounts that increase cash
2. Record the amounts that decrease cash

Bourne Incorporated reports a cash balance at the end of the month of $2,295. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($72), an NSF check from a customer ($220), a customer's note receivable collected by the bank ($1,000), and interest earned ($22) 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.) lew transaction list Journal entry worksheet Record the amounts that increase cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!