The Documentation with the Bank Statement Shows a Debit Memo

question 70

Multiple Choice

The documentation with the bank statement shows a debit memo for bank service charges. Identify the effects of the transaction on the company's accounts.

• A) Increase Miscellaneous Administrative Expense; Decrease Cash
• B) Increase Cash; increase Other Income
• C) Increase Cash; increase Accounts Payable
• D) Decrease Accounts Payable; Decrease Cash

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Definitions:

Psychodynamic Theory

A psychological perspective that focuses on unconscious processes and childhood experiences in shaping behavior and personality.

Freud

Sigmund Freud, a neurologist from Austria and the pioneer of psychoanalysis, employed dialogue as a technique to address mental disorders.

Psychodynamic Theories

A group of theories in psychology that emphasize the influence of the unconscious mind on behavior and the importance of childhood experiences.

Behavioral Theories

Psychological theories that focus on studying and analyzing observable behaviors and their determinants, without the necessity to infer internal mental states.