# What is the journal entry to record an NSF check, from J. Smith for \$250, that is returned with the bank statement? a. Cash \$250 DR; NSF Check \$250 CR b. Accounts Receivable \$250 DR; Cash \$250 CR c. NSF Check \$250 DR; Accounts Receivable \$250 CR d. Cash \$250 DR; Accounts Receivable \$250 CR e. Cash \$250 DR; Miscellaneous Expense \$250 DR

### College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
Publisher: South-Western College Pub
ISBN: 9781337280570

### College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
Publisher: South-Western College Pub
ISBN: 9781337280570

#### Solutions

Chapter
Section
Chapter 6, Problem 4QY
Textbook Problem

## What is the journal entry to record an NSF check, from J. Smith for \$250, that is returned with the bank statement? a. Cash \$250 DR; NSF Check \$250 CR b. Accounts Receivable \$250 DR; Cash \$250 CR c. NSF Check \$250 DR; Accounts Receivable \$250 CR d. Cash \$250 DR; Accounts Receivable \$250 CR e. Cash \$250 DR; Miscellaneous Expense \$250 DR

Expert Solution
To determine

Find the correct option, the option that indicates the correct journal entry for the given transaction.

### Explanation of Solution

Non-sufficient checks (NSF): When the customer bank returns the deposited check to the depositorâ€™s bank indicating that there are insufficient funds in the account, such returned or bounced check is referred to as NSF check.

Prepare journal entry to record NSF check.

 Date Account Titles and Explanation Ref. Debit (\$) Credit (\$) Â Â Accounts Receivable Â 250 Â Â Â Â Ca...

### Want to see the full answer?

Check out a sample textbook solution.See solution

### Want to see this answer and more?

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

See solution

Find more solutions based on key concepts
Show solutions
What is a data warehouse?

Accounting Information Systems

What is equity theory?

Foundations of Business (MindTap Course List)

LOCKBOX SYSTEM Hardin-Gchr Corporation (HGC) began operations 5 years ago as a small firm serving customers in ...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)