Item4

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Item 4

Bourne Incorporated reports a cash balance at the end of the month of $2,620. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($85), an NSF check from a customer ($350), a customers note receivable collected by the bank ($1,000), and interest earned ($35).

Required:

Record the necessary entries to adjust the balance of cash.

1	Petty Cashselected answer incorrect	1,000selected answer incorrect	not attempted
		not attempted	not attempted	1,000selected answer correct
2		Cashselected answer incorrect	85selected answer correct	not attempted
		Interest Receivable incorrect