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Business, 29.04.2021 16:50 ashtonviceoxd21i

Accompanying a bank statement for Borden Company is a credit memo for $21,315 representing the principal ($21,000) and interest ($315) on a note that had been collected by the bank. The company had been notified by the bank at the time of the collection but had made no entries. Journalize the entry that should be made by the company to bring the accounting records up to date. If an amount box does not require an entry, leave it blank.

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Accompanying a bank statement for Borden Company is a credit memo for $21,315 representing the princ...

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