Cornerstone Exercise 4-19 (Algorithmic) Adjusting Entry from Bank Reconciliation Pyramid Corporation is assessed a $26...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Cornerstone Exercise 4-19 (Algorithmic) Adjusting Entry from Bank Reconciliation Pyramid Corporation is assessed a $26 fee as the result of a $185 NSF check received from a customer for services purchased on account. Neither the fee nor the NSF check has been accounted for on Pyramid's books. Required: Record the appropriate journal entry to update Pyramid's books. If an amount box does not require an entry, leave it blank. Bank Service Charge Expense Accounts Receivable Cash (Record NSF check and accompanying bank service charge) Feedback Check My Work Adjusting journal entries are required for all transactions correctly recorded by the bank that have not yet been included in the accounting recor
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
