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Assume you h. How can you overcome the limited opportunity to use the se Exercise...

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Accounting

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Assume you h. How can you overcome the limited opportunity to use the se Exercise 6-7A Hans Supplies' bank statement contained a $270 NSF chest which of the internal control proc ion-of-duties conitrol al, Treatment of NSF check check that one of its Bank ser Cu written to pay for supplies purchased. Required a. Show the effects of recognizing the NSF check on the fi k o Cred by reco appropriate amounts in a horizontal statements model like ng one: Pe Liab. Equity Rev.Exp. Net Inc. Assets Cash lowu Cash+ Accts. Rec b. Is the recognition of the NSF check on Han's books an transaction? s Or $290 cash in exchange for the 290 ca Ha: Show the effects on thec bed uetisment a. souutv, use, or exchange c. Suppose the customer redeems the check by giving Han s check. The additional $20 paid a service fee charged by cial statements in the horizontal statements model in Req Is the receipt of cash referenced in Requirement c an asset so. Record in general journal form the adjusting entry th NSF check ae tranaesin and the entry o edemption of the check by the customer

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