Cornerstone Exercise 4-19 (Algorithmic) Adjusting Entry from Bank Reconciliation Pyramid Corporation is assessed a $40 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 Bank Service Charge Expense 40 Bank Service Charge Expense 0 Accounts Receivable Accounts Receivable 185 Accounts Receivable 0 Cash Cash 0 Cash 225 (Record NSF check and accompanying bank service charge)

Cornerstone Exercise 4-19 (Algorithmic) Adjusting Entry from Bank Reconciliation Pyramid Corporation is assessed a $40 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 40 0 Accounts Receivable 185 0 .I Cash 225 (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 records