Multiple Choice
A bank statement included a NSF check from Kim Fields for $2,100. The journal entry to record this reconciling item should:
A) debit NSF and credit Cash for $2,100.
B) debit Accounts Receivable and credit Cash for $2,100.
C) debit Cash and credit NSF for $2,100.
D) debit Cash and credit Accounts Receivable for $2,100.
Correct Answer:
Verified
Correct Answer:
Verified
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