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Question: Refer to the information in E4-10.

Required: Prepare the necessary entries to adjust the balance of cash.

E4-10: Bourne Incorporated reports a cash balance at the end of the month of $2,370. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($75), an NSF check from a customer ($250), a customer's note receivable collected by the bank ($1,100), and interest earned ($25).

Required: Calculate the reconciled company balance for cash.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92328815

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