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Which of the following journal entries is recorded as a result of the bank reconciliation process to record a NSF check for $250?    A. Cash   250     Accounts Receivable   250    B. Accounts Receivable   250     Petty Cash   250    C. Accounts Receivable   250     Cash   250    D. Cash   250     Accounts Payable   250

Which of the following journal entries is recorded as a result of the bank reconciliation process to record a NSF check for $250?    A. Cash   250     Accounts Receivable   250    B. Accounts Receivable   250     Petty Cash   250    C. Accounts Receivable   250     Cash   250    D. Cash   250     Accounts Payable   250

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 4QY: What is the journal entry to record an NSF check, from J. Smith for 250, that is returned with the...
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Which of the following journal entries is recorded as a result of the bank reconciliation process to record a NSF check for $250?

 
  •  A.
    Cash   250  
      Accounts Receivable   250

     

  •  B.
    Accounts Receivable   250  
      Petty Cash   250

     

  •  C.
    Accounts Receivable   250  
      Cash   250

     

  •  D.
    Cash   250  
      Accounts Payable   250

     

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