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Record the necessary entries to adjust the balance of cash

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Question - Bourne Incorporated reports a cash balance at the end of the month of $2,245. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($70), an NSF check from a customer ($200), a customer's note receivable collected by the bank ($1,100), and interest earned ($20).

Record the necessary entries to adjust the balance of cash.

Reference no: EM132091873

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