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 that decrease cash

Bourne Incorporated reports a cash balance at the end of the month of $2,295. A comparison of the companys 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 (S22). 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 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!

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...

Bourne Incorporated reports a cash balance at the end of the month of $2,495. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions:...

Exercise 4-9A Calculate the balance of cash using a bank reconciliation (L04-5) Spielberg Company's general ledger shows a checking account balance of $22,970 on July 31, 2021. The July cash receipts...

Required information Problem 4-2A Prepare the bank reconciliation and record cash adjustments (L04-5) (The following information applies to the questions displayed below.) Oscar's Red Carpet Store...

4 Part 2 of 2 3.12 points eBook Print References Required information [The following information applies to the questions displayed below.] Oscar's Red Carpet Store maintains a checking account with...

View transuction list 1 Record the amounts that increase cash. 2 Record the amounts that decrease cash. Credit Note : = journal entry has been entered Oscar's Red Carpet Store maintains a checking...

On October 31, 2021. Domon Company's general ledger shows a checking account balance of $8,433. The company's cash receipts for the month total $74,560, of which $71,355 has been deposited in the...

Oscars Red Carpet Store maintains a checking account with Academy Bank. Oscars sells carpet each day but makes bank deposits only once per week. The following provides information from the companys...

1. Record the amounts that increase cash 2. Record the amounts that decrease cash Spielberg Company's general ledger shows a checking account balance of $22,940 on July 31, 2018. The July cash...

journau entry worksheet Required information Problem 4-2B Prepare the bank reconciliation and record cash adjustments (LO4-5) The following information applies to the questions displayed below.) On...

The International Air Transport Association surveys business travelers to develop quality ratings for transatlantic gateway airports. The maximum possible rating is 10. Suppose a simple random sample...

Process costing methods rely extensively on managers estimates of percentage of completion for both costing products and calculating equivalent units of production. While most managers understand the...

The difference between a firm's current assets and its current liabilities is called: Multiple choice question. net working capital net current assets net worth net earnings

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

Teamwork. Sit back-to-back with another student in the class so that neither of you can use nonverbal cues to complete this exercise. Take turns saying the following sentence aloud three times: Why...

While developing an oral report for a marketing class, Sara, one of your team members, locates an article that fits perfectly with your topic. Sara suggests that the group take several paragraphs...

Practice keeping your jaw, tongue, and lips flexible by saying the following sentences aloud three or more times each: (Objective 1) a. Loose lips sink ships. b. Which wristwatches are Swiss...