135. A company’s bank statement shows a cash balance of $4,170. Comparing the company’s cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,110, NSF check of $200, interest earned of $30, service fee of $40, and a check for $150 recorded twice by the company. Calculate the correct balance of cash.
136. 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.
137. 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 ($2,380), bank service fees ($40), an NSF check from a customer ($150), a customer’s note receivable collected by the bank ($500), and interest earned ($60). Prepare the necessary entries to adjust the balance of cash.