Bourne incorporated reports a cash balance at the end of the month of $2,345. a comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($74), an nsf check from a customer ($240), a customer’s note receivable collected by the bank ($1,200), and interest earned ($24). required: record the necessary entries to adjust the balance of cash. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Explanation:

The journal entries are shown below:

1. Bank service fees A/c Dr $74

      To Cash A/c                             $74

(Being bank service charges paid)

2. Accounts receivable A/c Dr $240

      To Cash A/c                                    $240

(Being NSF check is received from a customer)

3. Cash A/c Dr $1,224

      To Notes receivable A/c $1,200

      To Interest earned           $24

(Being the notes receivable and interest earned is recorded)

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answer; (c) communism and socialism;