Bourne Incorporated reports a cash balance at the end of the month of $2,570. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($83), an NSF check from a customer ($330), a debit card used for the purchase of supplies ($180), and a customer's note receivable collected by the bank ($1,200) plus interest earned ($33). Required: Record the necessary entries to adjust the balance of cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal 1 1 Service Fee Expense Cash 2 2 Accounts Receivable Cash Supplies Expense Cash Debit Credit 83 83 330 330 180 180
Bourne Incorporated reports a cash balance at the end of the month of $2,570. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($83), an NSF check from a customer ($330), a debit card used for the purchase of supplies ($180), and a customer's note receivable collected by the bank ($1,200) plus interest earned ($33). Required: Record the necessary entries to adjust the balance of cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal 1 1 Service Fee Expense Cash 2 2 Accounts Receivable Cash Supplies Expense Cash Debit Credit 83 83 330 330 180 180
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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Hansaben
![Bourne Incorporated reports a cash balance at the end of the month of $2,570. A comparison of the company's cash records with the
monthly bank statement reveals several additional cash transactions: bank service fees ($83), an NSF check from a customer ($330), a
debit card used for the purchase of supplies ($180), and a customer's note receivable collected by the bank ($1,200) plus interest
earned ($33).
Required:
Record the necessary entries to adjust the balance of cash. (If no entry is required for a transaction/event, select "No Journal Entry
Required" in the first account field.)
View transaction list
View journal entry worksheet
No
Transaction
General Journal
1
1
Service Fee Expense
Cash
2
2
Accounts Receivable
Cash
Supplies Expense
Cash
Debit
Credit
83
83
330
330
180
180](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8c0a013e-e428-473a-8075-af22d575e931%2F99a625be-ee36-48a9-a312-1bd350abe7d5%2Ff7jlm2h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Bourne Incorporated reports a cash balance at the end of the month of $2,570. A comparison of the company's cash records with the
monthly bank statement reveals several additional cash transactions: bank service fees ($83), an NSF check from a customer ($330), a
debit card used for the purchase of supplies ($180), and a customer's note receivable collected by the bank ($1,200) plus interest
earned ($33).
Required:
Record the necessary entries to adjust the balance of cash. (If no entry is required for a transaction/event, select "No Journal Entry
Required" in the first account field.)
View transaction list
View journal entry worksheet
No
Transaction
General Journal
1
1
Service Fee Expense
Cash
2
2
Accounts Receivable
Cash
Supplies Expense
Cash
Debit
Credit
83
83
330
330
180
180
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