Multiple Choice
During a bank reconciliation, Bach Inc. discovered a NSF check from their customer, Larry Bobble for $70. The journal entry required to update the cash balance would be:
A) Debit cash, credit Accounts Receivable
B) Debit Accounts Receivable, credit Cash
C) Debit Accounts Receivable - L. Bobble, credit Cash
D) No journal entry is required.
Correct Answer:
Verified
Correct Answer:
Verified
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