Samba Corporation operates in an industry with a high collectability issues. Recently, one of Samba's customers wrote a check for $235 for services performed. Samba's bank later informed Samba that its customer did not have cash available in his account to cover the $235 charge. As a result, Samba's bank assesses a $30 fee as the result of the NSF check received. Samba has not yet adjusted its books for the bank fee or the NSF check. Required: Hide Record the appropriate journal entry to update Samba's books. For a compound transaction, if an amount box does not require an entry, leave it blank.

Samba Corporation operates in an industry with a high collectability issues. Recently, one of Samba's customers wrote a check for $235 for services performed. Samba's bank later informed Samba that its customer did not have cash available in his account to cover the $235 charge. As a result, Samba's bank assesses a $30 fee as the result of the NSF check received. Samba has not yet adjusted its books for the bank fee or the NSF check. Required: Hide Record the appropriate journal entry to update Samba's books. For a compound transaction, if an amount box does not require an entry, leave it blank.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 2SEQ

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Samba Corporation operates in an industry with high collectability issues. Recently, one of Samba's customers wrote a check for $235 for services performed. Samba's bank later informed Samba that its customer did not have cash available in his account to cover the $235 charge. As a result, Samba's bank assesses a $30 fee as the result of the NSF check received. Samba has not yet adjusted its books for the bank fee or the NSF check. Required: Record the appropriate journal entry to update Samba's books. If an amount box does not require an entry, leave it blank. fill in the blank 2 fill in the blank 3 fill in the blank 5 fill in the blank 6 fill in the blank 8 fill in the blank 9
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