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If a Bank Statement Included an NSF Cheque for $450

Question 55

Multiple Choice

If a bank statement included an NSF cheque for $450, the journal entry to record this reconciling item would include a:

A) debit to Cash for $450
B) debit to Accounts Payable for $450
C) credit to Accounts Receivable for $450
D) credit to Cash for $450

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