Recording the dishonored checks


Response to the following problem:

Recording dishonored checks, electronic funds transfers, and debit card purchases

Write the answers to this problem in the Working Papers. Work this problem independently.

Transactions: June

12. Received notice from the bank of a dishonored check from Thomas Hofski, $65.00, plus $30.00 fee; total, $95.00. Memorandum No. 54.

13. Paid cash on account to Alfonso Company, $243.00, using EFT. Memorandum No. 55.

14. Purchased supplies, $65.00, using a debit card. Memorandum No. 56.

 

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Accounting Basics: Recording the dishonored checks
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