Question

Prepare the necessary entries to adjust the balance of cash A) A company's Cash account shows...

Prepare the necessary entries to adjust the balance of cash

A) A company's Cash account shows a balance of $3,490 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 $60, an NSF check from a customer $360, a customer's note receivable collected by the bank $1,600, and interest earned $100.

B) A company's Cash account shows a balance of $5,620 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 $1,270, checks outstanding $2,310, bank service fees $48, an NSF check from a customer $240, a customer's note receivable collected by the bank $540, and interest earned $67.  

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