Brief Exercise 4-11 Record adjustments to the company\'s cash balance (LO5) Bour

Question

Brief Exercise 4-11 Record adjustments to the company's cash balance (LO5) Bourne Incorporated reports a cash balance at the end of the month of $2,170. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($67), an NSF check from a customer ($170), a customer's note receivable collected by the bank ($1,100), and interest earned ($17) 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 general journal Journal Entry Worksheet Record the entries that increase cash Transaction General Journal Debit Credit *Enter debits before credits done clear entry record entry

Explanation / Answer

Date Account titles Debit $ Credit $ 1 Bank $        170 NSF Check $        170 Bank $          17 Interest earned $           17 2 Bank service fee $          67 Bank $           67 Notes payable $    1,100 Bank $     1,100

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