Solved

A Customer's Check for $25 That Had Been Deposited into the Company's

Question 190

Multiple Choice

A customer's check for $25 that had been deposited into the company's checking account the previous month was returned stamped "NSF" by the bank. Which of the following journal entries is required?


A) Cash 25 Accounts Receivable 25
B) Cash 25 Accounts Payable 25
C) Account Receivable 25 Petty Cash 25
D) Accounts Receivable 25 Cash 25

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions