Question: Brief Exercise 4-29 (Algorithmic) Adjusting Entry from Bank Reconciliation Samba Corporation operates in an industry with a high collectabalty issues, Recentiy, one of 5 amba's

Brief Exercise 4-29 (Algorithmic) Adjusting Entry from Bank Reconciliation Samba Corporation operates in an industry with a high collectabalty issues, Recentiy, one of 5 amba's customers wrote a check for $315 for services performed. Samba'i banic tater informed Samba that its customer did not have cash avallable in his account to cover the $315 charge. As a result, Samba's bank assesses a $60 fee as the result of the NSF check received: Samba has not yet adjusted its books for the bank fee or the N5F check, Required: Record the appropriate journal entry to update Samba's books. For a compound transaction, if an amount box does not requirn an entry, leave it blank

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