Bourne Incorporated reports a cash balance at the end of the month of $2,370. A comparison of

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Bourne Incorporated reports a cash balance at the end of the month of $2,370. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($75), an NSF check from a customer ($250), a customer's note receivable collected by the bank ($1,100), and interest earned ($25).

Required:

Calculate the reconciled company balance for cash.

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Financial Accounting

ISBN: 9780078110825

2nd Edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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