A Bank Statement Included a NSF Check from Customer Kim

question 21

Multiple Choice

A bank statement included a NSF check from customer Kim Fields for $2,100.The journal entry to record this reconciling item should:

• A)debit NSF and credit Cash for $2,100.
• B)debit Cash and credit Accounts Receivable for $2,100.
• C)debit Accounts Receivable and credit Cash for $2,100.
• D)debit Cash and credit NSF for $2,100.

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Definitions:

Neural Activity

The electrical and chemical processes in neurons that enable the transmission of signals through the nervous system.

Homo Habilis

An early human species known for its use of tools, dating back to approximately 2.1 to 2.8 million years ago.

Tools

Instruments or devices that are manually used or operated to perform a particular function, aiding in tasks or works.

Common Ancestor

The most recent individual from which all organisms in a group are directly descended.