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:

Verified
Correct Answer:
Verified
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