In Preparing the Monthly Bank Reconciliation,Fur Ltd Ascertains That There $\quad$

Multiple Choice

In preparing the monthly bank reconciliation,Fur Ltd ascertains that there is a $750 cheque from Hunt Traders for merchandise that is marked NSF.The journal entry to record this in Fur Ltd's books is:

A) DR Accounts receivable $\quad$ $750 $\quad$$\quad$ CR Cash $\quad$$\quad$ $750
B) DR Accounts receivable $\quad$ $750 $\quad$ CR Inventory $\quad$ $750
C) DR Accounts payable $\quad$$\quad$ $750 $\quad$$\quad$ CR Cash $\quad$$\quad$ $750
D) CR Accounts receivable $\quad$ $750 $\quad$$\quad$ DR Cash $\quad$$\quad$ $750