Question
Reconcile timing differences in the company's balance (LOS) Record adjustments to the company's cash balance (LOS) Calculate the reconciled bank balance for E4-10 Bourne Incorporated
Reconcile timing differences in the company's balance (LOS) Record adjustments to the company's cash balance (LOS) Calculate the reconciled bank balance for E4-10 Bourne Incorporated reports a cash balance at the end of the month of $2,370. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($75), an NSF check from a customer ($250), a customer's note receivable collected by the bank ($1,100), and interest earned ($25). Required: Calculate the reconciled company balance for cash. E4-11 Refer to the information in E4-10. Required: diust the balance of cash.
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