Pyramid Corporation is assessed a $40 fee as the result of a $126 NSF check received from

Question:

Pyramid is assessed a $40 fee as the result of a $126 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.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...