Which of the Following Transactions Requires a Journal Entry

question 175

Multiple Choice

Which of the following transactions requires a journal entry?

• A)The bank charged $50 for a stop payment on a check.
• B)The bank deducted $50 from your account in error.
• C)The bank collected a note receivable with interest on your behalf.
• D)A and C

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Definitions:

Full-Time Employment

A form of employment where individuals work a minimum number of hours defined by their employer as full-time.

Day Care Centers

Facilities that provide supervision and care of infants and young children during the daytime, allowing their parents or guardians to work or engage in other activities.

Social Development

The process by which individuals acquire skills, behaviors, and emotions that are considered desirable and appropriate by the society or community they live in.

Cognitive Development

Cognitive development is the study of how children and adults develop thinking and reasoning skills over time, including memory, problem-solving, and decision-making abilities.