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). Calculate the reconciled company balance for cash.
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). Calculate the reconciled company balance for cash.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 2SEQ
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![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).
Calculate the reconciled company balance for cash.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9e497703-e2f0-473f-a5d0-6ab392407dc4%2Fdb075298-d5a1-4932-acc6-e254f260dbf4%2Fh4xxv4c_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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).
Calculate the reconciled company balance for cash.
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