If a Bank Reconciliation Included a Credit Memo for a $2,000

question 32

Multiple Choice

If a bank reconciliation included a credit memo for a $2,000 note collected with an additional $20 of interest revenue, the entry to record this reconciling item would include a:

• A)credit to note receivable for $2,020.
• B)credit to cash for $2,020.
• C)debit to cash for $2,020.
• D)No entry is required.

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Definitions:

Confrontational

Characterized by or inclined to deal with situations or disagreements through direct and firm challenge.

Rational-emotive Therapists

Mental health professionals who apply rational emotive behavior therapy (REBT) to help individuals confront and change irrational beliefs.

Confrontational

Describe an approach or interaction that is aggressive or contentious, often leading to confrontation or conflict.

Aversive Conditioning

A form of behavior therapy that involves using negative stimuli to reduce or eliminate undesirable behaviors.