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What journal entry should be recorded by egrane

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Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $14,800. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,200, outstanding checks of $1,600, a NSF check of $560, bank service charges of $24 and the EFT from a customer in payment of the customer's account of $1,200.

Problem 1: What journal entry should be recorded by Egrane for the NSF check returned?

Reference no: EM132680808

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