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slega [8]
3 years ago
7

A customer paid $250 using a check for purchases made in the first week of January. The bank statement received at the end of th

e month showed that this was an NSF check. The entry needed to adjust the company's cash balance for this reconciling item will include a:
Business
1 answer:
vodka [1.7K]3 years ago
3 0

Answer:

Credit to cash for 250

Explanation:

As in the question it is given that the customer is paid for $250 for purchase made in the first week of January.

And, in the bank statement it is shown that it was a NSF check.

Now the adjusting the company cash balance for reconciling the item would include a credit for cash for $250 so that the balance should be equaled

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