Since the NSF check has previously been recorded as a cash receipt

Since the NSF check has previously been recorded as a cash receipt

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Since the NSF check has previously been recorded as a cash receipt, a journal entry is necessary to  update the company's books. Therefore, a $345 debit is made to increase the accounts receivable 
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Unformatted text preview: balance of Hosta, Inc., and a $345 credit is made to decrease cash....
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.

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