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Bourne Incorporated reports a cash balance at the end of the month of $2,445. 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 $2,445. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($78), an NSF check from a customer ($280), a customers note receivable collected by the bank ($1,100), and interest earned ($28).
Calculate the reconciled company balance for cash. (Amounts to be deducted should be indicated with a minus sign.)
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