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Adjusting Entry from Bank Reconciliation Samba Corporation operates in an industry with high collectability issues. Recently, one of Samba's customers wrote a check for $845
Adjusting Entry from Bank Reconciliation Samba Corporation operates in an industry with high collectability issues. Recently, one of Samba's customers wrote a check for $845 for services performed. Samba's bank later informed Samba that its customer did not have cash available in his account to cover the $845 charge. As a result, Samba's bank assesses a $50 fee as the result of the NSF check received. Samba has not yet adjusted its books for the bank fee or the NSF check. Required
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