Business, 01.12.2021 21:40 nidiavega2009
Samba Corporation operates in an industry with high collectability issues. Recently, one of Samba's customers wrote a check for $780 for services performed. Samba's bank later informed Samba that its customer did not have cash available in his account to cover the $780 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.
Answers: 3
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Samba Corporation operates in an industry with high collectability issues. Recently, one of Samba's...
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