Question

Time Remaining 36 minutes 46 seconds00:36:46 Item 6Item 6 Time Remaining 36 minutes 46 seconds00:36:46 A company's Cash account shows a balance of $5,680 at the end of the month. Comparing the company's Cash account with the monthly bank statement reveals several additional cash transactions such as deposits outstanding ($1,250), checks outstanding ($2,420), bank service fees ($47), an NSF check from a customer ($190), a customer's note receivable collected by the bank ($560), and interest earned ($66).

Answer 1

Cash account balance $5,680

- bank service fees ($47)

- NSF check ($190)

+ customer's note receivable $560

+ interest earned $66

adjusted cash account balance $6,069

Dr Bank fees expense 47

Cr Cash 47

Dr Accounts receivable 190

Cr Cash 190

Dr Cash 560

Cr Notes receivable 560

Dr Cash 66

Cr Interest revenue 66