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Accompanying the Bank Statement Was a Debit Memo for Bank

Question 81

Multiple Choice

Accompanying the bank statement was a debit memo for bank service charges. What entry is required in the company's accounts?


A) debit Miscellaneous Administrative Expense; credit Cash
B) debit Cash; credit Other Income
C) debit Cash; credit Accounts Payable
D) debit Accounts Payable; credit Cash

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