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Bourne Incorporated reports a cash balance at the end of the month of $2,245. A comparison of the company's cash records with the monthly bank
Bourne Incorporated reports a cash balance at the end of the month of $2,245. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions bank service fees ($70), an NSF check from a customer ($200), a customer's note receivable collected by the bank ($1,100), and interest earned ($20). 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.) Answer is not complete. General Journal Debit Credit No 1 Transaction 1 1,120 Cash Interest revenue 20 1,100 Notes receivable 2 2 2 2,105 Accounts receivable Service fee expense Cash -70 -270
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