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Unformatted text preview: (To record NSF check) Bank Service Charges. Companies typically debit to Miscellaneous Expense the check printing charges (DM) and other bank service charges (SC) because they are usually small in amount. Laird's entry is: Miscellaneous Expense (To record charge for printing company checks) The foregoing entries could also be combined into one compound entry. After Laird posts the entries, the Cash account will appear as in Illustration 7-10 . The adjusted cash balance in the ledger should agree with the adjusted cash balance per books in the bank reconciliation in Illustration 7-9 . Illustration 7-10 Adjusted balance in cash account...
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This note was uploaded on 11/06/2011 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.
- Spring '11