Bourne Incorporated reports a cash balance at the end of the month of $2,595. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($84), an NSF check from a customer ($340), a debit card used for the purchase of supplies ($190), and a customer's note receivable collected by the bank ($1,100) plus interest earned ($34). 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 Journal entry worksheet > 1 2 Record the amounts that increase cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit >
Bourne Incorporated reports a cash balance at the end of the month of $2,595. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($84), an NSF check from a customer ($340), a debit card used for the purchase of supplies ($190), and a customer's note receivable collected by the bank ($1,100) plus interest earned ($34). 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 Journal entry worksheet > 1 2 Record the amounts that increase cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Bourne Incorporated reports a cash balance at the end of the month of $2,595. A comparison of the company's cash records with the
monthly bank statement reveals several additional cash transactions: bank service fees ($84), an NSF check from a customer ($340), a
debit card used for the purchase of supplies ($190), and a customer's note receivable collected by the bank ($1,100) plus interest
earned ($34).
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
Journal entry worksheet
1
2
Record the amounts that increase cash.
Note: Enter debits before credits.
Transaction
1
General Journal
Debit
Credit
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