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A Company's Cash Account Shows a Balance of $3,450 at the End

Question 131

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A company's Cash account shows a balance of $3,450 at the end of the month.Comparing the company's Cash account with the monthly bank statement reveals several additional cash transactions such as bank service fees ($50),an NSF check from a customer ($300),a customer's note receivable collected by the bank ($1,000),and interest earned ($100).Prepare the necessary entries to adjust the balance of cash.

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