Hans Suppliess bank statement contained a $400 NSF check that one of its customers had...
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Accounting
Hans Suppliess bank statement contained a $400 NSF check that one of its customers had written to pay for supplies purchased. Required: a. & c. Show the effects of the following transactions on the financial statements in the horizontal statements model. (a) Recognize the NSF check, (c) Customer redeems the check by giving Hans $420 cash in exchange for the bad check. The additional $20 was a service fee charged by Hans.
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