Help me out here accounting guys and gals. Bourne Incorporated reports a cash ba

Question

Help me out here accounting guys and gals.

Bourne Incorporated reports a cash balance at the end of the month of $2,195. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions service fees (S68), an NSF check from a customer ($180), a customer's note receivable collected by the bank ($1,200), and interest earned ($18) Required: Record the necessary entries to adjust the balance of cash. (If no entry is required for a transaction/levent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the amounts that increase cash Note: Enter debits before credits. action General Journal Debit Credit Cash Notes receivable Interest receivable 2,195 1,200 18 Record entry Clear entry View general journal

Explanation / Answer

Journal entries Transaction                          General Journal                    Debit Credit 1 Cash 1,218 note receivable 1,200 interest income 18 2 Service fees 68 Accounts receivable 180 Cash 248

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