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Record adjustments to the company's cash balance (LO5) Bourne Incorporated reports a cash balance at the end of the month of $2,620. A comparison of
Record adjustments to the company's cash balance (LO5) 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 customer's note receivable collected by the bank ($1,000). and interest earned ($35). Required: Record the necessary entries to adjust the balance of cash. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.)
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