Multiple Choice
The following adjustment is necessary upon discovery of a "NSF" check during a bank reconciliation:
A) Increase Accounts Receivable; decrease cash
B) Increase Not Sufficient Funds Expense; decrease Cash
C) Increase Miscellaneous Expense; decrease Cash
D) No adjustment is necessary because the bank makes the entry.
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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