On June 15, we Received notice from the bank that the $5,000 check received from customer Arlene Burnet (10300) on June 14 has not cleared due to lack of funds. The $,5000 balance of this NSF check plus an additional $80 handling fee will be charged back to Ms. Burnet's account (sales invoice number G4016). The $80 handling fee charged by Granite Bay Jet Ski will be entered as Miscellaneous Revenue. At the check number prompt enter BADCK for bad check. Please enter the following journal entries for the above.
On June 15, we Received notice from the bank that the $5,000 check received from customer Arlene Burnet (10300) on June 14 has not cleared due to lack of funds. The $,5000 balance of this NSF check plus an additional $80 handling fee will be charged back to Ms. Burnet's account (sales invoice number G4016). The $80 handling fee charged by Granite Bay Jet Ski will be entered as Miscellaneous Revenue. At the check number prompt enter BADCK for bad check. Please enter the following journal entries for the above.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
On June 15, we Received notice from the bank that the $5,000 check received from customer Arlene Burnet (10300) on June 14 has not cleared due to
lack of funds. The $,5000 balance of this NSF check plus an
additional $80 handling fee will be charged back to Ms. Burnet's
account (sales invoice number G4016). The $80 handling fee
charged by Granite Bay Jet Ski will be entered as Miscellaneous
Revenue. At the check number prompt enter BADCK for bad
check.
Please enter the following journal entries for the above.
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