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Notification by the Bank That a Deposited Customer Cheque Was \quad

Question 109

Multiple Choice

Notification by the bank that a deposited customer cheque was returned NSF requires that the company make the following adjusting entry:


A) Accounts Receivable
\quad \quad Cash

B) Cash
\quad \quad Accounts Receivable

C) Miscellaneous Expense
\quad \quad Accounts Receivable

D) No adjusting entry is necessary.

Correct Answer:

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