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Notification by the Bank That a Customer's Deposited Cheque Was

Question 36

Multiple Choice

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


A) Debit accounts receivable,credit cash
B) Debit cash,credit accounts receivable
C) Debit bank charges expense,credit accounts receivable
D) No adjusting entry required.

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