Included in the Bank Statement Was a Debit for an NSF

question 4

Multiple Choice

Included in the bank statement was a debit for an NSF (not sufficient funds) payment received from a customer. What entry is required in the company's accounts?

• A) DR Other revenue
• CR Cash
• B) DR Cash
• CR Other revenue
• C) DR Cash
• CR Accounts receivable
• D) DR Accounts receivable
• CR Cash

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Definitions:

Class-Based Oppressions

Discrimination and disadvantage that individuals face due to their socioeconomic class.

Cardiovascular Fitness

The ability of the heart, lungs, and vascular system to efficiently supply oxygenated blood to working muscles during physical activity.

Subcutaneous Tissues

The layer of tissue lying directly under the skin, consisting of fat and connective tissues that house larger blood vessels and nerves.