Bourne incorporated reports a cash balance at the end of

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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:

  1. Record the necessary entries to adjust the balance of cash.
  2. Record the entries that increase cash.
  3. Record the entries that decrease cash.

Reference no: EM13587281

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