Question: (--) Secure! H4 0 Help Save& Exit Submit Following is a bank reconciliation for Zocar Enterprises for June 30, 2018. 3 Balance an of 6/30/2018
(--) Secure! H4 0 Help Save& Exit Submit Following is a bank reconciliation for Zocar Enterprises for June 30, 2018. 3 Balance an of 6/30/2018 Deposit in traneit Outstanding cheoks Note eollected by bank Dank serviee charge NSP check $24,735 21,435 4,550 (sos) 1,915 (20) points Adjusted cash balance as of 6/30/2018 25,480 25,480 When reviewing the bank reconciliation, Zocar's auditor was unable to locate any reference to the NSF check on the bank statement. Furthermore, the clerk who reconciles the bank account and records the adjusting entries could not find the actual NSF check that should have been included in the bank statement. Finally, there was no specific reference in the accounts recelvable supporting records identifying a party who had written a bad check. Required a. Prepare the adjusting entry that the clerk would have made to record the NSF check. (If no eptry Is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
