If a Bank Statement Included an NSF Cheque for $450

question 55

Multiple Choice

If a bank statement included an NSF cheque for $450, the journal entry to record this reconciling item would include a:

• A) debit to Cash for $450
• B) debit to Accounts Payable for $450
• C) credit to Accounts Receivable for $450
• D) credit to Cash for $450

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Definitions:

Fibroblast

A fibroblast is a type of cell found in connective tissue, responsible for producing collagen and other fibers that contribute to the structural framework of tissues.

Connective Tissue

A type of body tissue that supports, connects, or separates different types of tissues and organs in the body, characterized by diverse functions and appearances.

Protein Fibers

Long chains of amino acids that form structures like collagen and keratin, providing support and strength to tissues and cells.

Osteoclast

A type of bone cell responsible for the resorption of bone tissue, playing a crucial part in bone growth, healing, and remodeling.