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Corbin Company Was Charged $25 for a Check Printing Fee

Question 138

Multiple Choice

Corbin Company was charged $25 for a check printing fee associated with their checking account.What journal entry is required?


A) Debit Miscellaneous Expense for $25 and credit Accounts Payable for $25.
B) Debit Miscellaneous Expense for $25 and credit Accounts Receivable for $25.
C) Debit Miscellaneous Expense for $25 and credit Cash for $25.
D) No journal entry is required.

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