Question: 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

Cornerstone Exercise 4-19 (Algorithmic) Adjusting Entry from Bank Reconciliation Pyramid Corporation

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

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