Record the appropriate journal entry to update Sambas books. Samba corporation operates in...
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Accounting
Record the appropriate journal entry to update Sambas books.
Samba corporation operates in an industry with a high collectability issues. Recently, one of Sambas customer wrote a check for $235 for services performed. Sambas bank later informed Samba that its customer did not have cash available in his account to cover $235 charge. As a result, Sambas bank assesses a $30 fee as the result of the NSF check received. Samba has not yet adjusted its books for the bank fee or the NSF check.
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