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Problem 6-23A (Algo) Bank reconciliation and internal control LO 6-1, 6-2, 6-3 Following is a bank reconciliation for Zocar Enterprises for June 30, Year 1

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Problem 6-23A (Algo) Bank reconciliation and internal control LO 6-1, 6-2, 6-3 Following is a bank reconciliation for Zocar Enterprises for June 30, Year 1 , As part of the normal process of handling an NSF check, the accounting clerk has notifled the customer that their account did not contain sufficient funds to pay the balance owed to the company. The customer was told that they will need to provide an alternative form of payment to cover the outstanding baiance. Required a. Prepare the adjusting entry that the clerk would have made.to record the NSF check. c. Assume the clerk had stolen $650 cash and recorded an entry for a nonexistent NSF check to reduce the cash balance so that it would match the bank balance. Select the internal control practice that would have most likely prevented this fraud. Complete this question by entering your answers in the tabs below. Prepare the adjusting entry that the clerk would have made to record the NSF check. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Prepare the adjusting entry that the clerk would have made to record the NSF check. (If no entry is required for a tro select "No journal entry required" in the first account field.) Journal entry worksheet Record adjusting entry for recognizing the NSF check. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Assume the clerk had stolen $650 cash and recorded an entry for a nonexistent NSF check to reduce the cash balance so that it would match the bank balance. Select the intelnal control practice that would have most likely prevented this fraud

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