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Entries for Note Collected by Bank Accompanying a bank statement for Borden Company is a credit memo for $25,375 representing the principal (525.000) and interest

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Entries for Note Collected by Bank Accompanying a bank statement for Borden Company is a credit memo for $25,375 representing the principal (525.000) and interest ($375) on a note that had been collected by the bank. The company had been notified by the bank at the time of the collection but had made no entries. Journalize the entry that should be made by the company to bring the accounting records up to date. If an amount box does not require an entry leave it blank. Cash Notes Receivable Interest Revenge Items that come from credit memos like collections of notes or interest by the bankare added to the company cash balance for increase cath) Learning Objectives allock Show Me Oe Potty Cash Fund En Journalue the entries to record the following a. Chuck No. 245-13 is issued to establish a petty cash fund of $1.200. b. The amount of cash in the petty cash fund is now $432. Check No. 271-13 is issued to replenish the fund, based on the following summary of putty cash recifice supplies 5445, caneous selling expense $184. miscellaneous administrative expense, $115. a. Journalize the entry to establish the petty cash fund. Petty Cash O Cash Roth the only time y Cash is used is when the undisinales sed ornare Length b. Soumalize the entry to replenish the petty cash fund. For a compound transaction fan amount box does not require an entry leave it bank Accounts Receivable Miscellaneous Selling Expen Cashx lul billo Os short and Over Petty Cashx

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