(JuGo) Can you help me with this problem? Thank you! Following is a bank reconci

Question

(JuGo)

Can you help me with this problem? Thank you!

Following is a bank reconciliation for Zocar Enterprises for June 30, 2000.

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 receivable supporting records identifying a party who had written a bad check.

a.) 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.)

Note: Enter debits before credits.

Journal entry worksheet

Choices:

No journal entry required

Accounts payable

Accounts receivable

Bank service charge expense

Cash

Cash short and over

Interest revenue

Inventory

Maintenance expense

Meals expense

Miscellaneous expense

Notes receivable

Office supplies expense

Petty cash

Postage expense

Transportation expense

Cash
Account Bank
Statement Balance as of 6/30/2018 $ 1,918 $ 3,000 Deposit in transit 600 Outstanding checks (1,507 ) Note collected by bank 2,000 Bank service charge (25 ) NSF check (1,800 ) Adjusted cash balance as of 6/30/2018 $ 2,093 $ 2,093

Explanation / Answer

General Journal Date Accounts Titles Debit Credit June 30 . 2000 Accounts Receivable 1,800 Cash 1,800 (To record NSF)

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