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

Question

Brief Exercise 4-11 Record adjustments to the company's cash balance (LOS) (Los 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 listview general jo view general journal Journal Entry Worksheet Record the entries that increase cash. Transaction General Journal DebitCredit Cash 17 Interest revenue 17 *Enter debits before credits done clear entry record entry

Explanation / Answer

Boume Incorporated General Journal entry   Transaction General Journal Dr $ Cr$                 1.00 Bank Charges               67.00 Cash                 67.00 ( Bank service fee recorded)                 2.00 Accounts Receivable               170.00 Cash               170.00 ( NSF from customer recorded)                 3.00 Note Receivable           1,100.00 Cash         1,100.00 (customer Note collection recorded)                 4.00 Interest Income                 17.00 Cash               17.00 (Interest earned recorded)

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