Bourne Incorporated reports a cash balance at the end of the month of $2,595. A...
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Bourne Incorporated reports a cash balance at the end of the month of $2,595. A comparison of the companys cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($84), an NSF check from a customer ($340), a debit card used for the purchase of supplies ($190), and a customers note receivable collected by the bank ($1,100) plus interest earned ($34).
Please explain in every step. Thanks
Journal entry worksheet Record the amounts that increase cash. Note: Enter debits before credits. Record the amounts that decrease cash. Note: Enter debits before credits
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