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Bourne Incorporated reports a cash balance at the end of the month of $2,120. A comparison of the companys cash records with the monthly bank
Bourne Incorporated reports a cash balance at the end of the month of $2,120. A comparison of the companys cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($65), an NSF check from a customer ($150), a debit card used for the purchase of supplies ($300), and a customers note receivable collected by the bank ($1,200) plus interest earned ($15).
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