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Pyramid Corporation is assessed a $40 fee as the result of a $126 NSF check received from a customer for services purchased on account. Neither
Pyramid Corporation is assessed a $40 fee as the result of a $126 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. Fees Earned Accounts Receivable (Record NSF check and accompanying bank service charge)
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