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Unformatted text preview: 6. The accountant records customers' dishonored checks as a reduction of cash receipts. When the dishonored checks are redeposited they are recorded as a regular cash receipt. Two N.S.F. checks for $180 and $220 were returned by the bank during December. The $180 check was redeposited, but the $220 check was still on hand at December 31. Cancelations of Tuck Company checks are recorded by a reduction of cash disbursements. 7. December bank charges were $20. In addition, a $10 service charge was made in December for the collection of a foreign draft in November. These charges were not recorded on the books....
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- Fall '08