Accompanying the Bank Statement Was a Debit Memo for Bank

question 81

Multiple Choice

Accompanying the bank statement was a debit memo for bank service charges. What entry is required in the company's accounts?

• A) debit Miscellaneous Administrative Expense; credit Cash
• B) debit Cash; credit Other Income
• C) debit Cash; credit Accounts Payable
• D) debit Accounts Payable; credit Cash

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Definitions:

Competitive Multiplayer

A mode of gaming where players compete against each other in real-time, typically in an online setting.

Aggressive Person

An individual who exhibits behavior that is assertive, possibly hostile, and often aims to dominate or control situations.

Video Game

An electronic game involving interaction with a user interface to generate visual feedback on a two- or three-dimensional video display device.

Interactionism

The principle that aspects of personality and of situations work together to determine behavior; neither has an effect by itself, nor is one more important than the other.