Determine Whether the Following Is Valid or Invalid

Short Answer

Determine whether the following is valid or invalid:
Look,if the check bounced,then you're right:Two things happened.First,we'd owe a penalty.And second,our records would be out of whack.Now,if our records are out of whack or if we pay a penalty-either way-then we're in big trouble,just like you said.The check isn't gonna bounce,though.So relax.We're not in any trouble.