Multiple Choice
Corbin Company was charged $25 for a check printing service fee associated with its checking account.Which 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.
Correct Answer:
Verified
Correct Answer:
Verified
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