Bourne Incorporated reports a cash balance at the end of the month of $2,120. A

Question

Bourne Incorporated reports a cash balance at the end of the month of $2,120. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($65), an NSF check from a customer ($150), a customer’s note receivable collected by the bank ($1,200), and interest earned ($15).

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.)
  

journal entry: record the amount that increase cash

journal entry: record the amounts that decrease cash

Explanation / Answer

Journal entry :

Date account and explanation debit credit Bank service charge 65 Account receivable 150     Cash 215 (To record the amounts that decrease cash) Cash 1215     Notes receivable 1200     Interest revenue 15 (To record the amount that increase cash)

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