Notification by the Bank That a Deposited Customer Check Was

question 216

Multiple Choice

Notification by the bank that a deposited customer check was returned NSF requires that the company make the following journal entry:

• A) Accounts Receivable Cash
• B) Cash Accounts Receivable
• C) Miscellaneous Expense Accounts Receivable
• D) No journal entry is necessary.

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Definitions:

Labor Force

Persons 16 years of age and older who are not in institutions and who are employed or are unemployed and seeking work.

Employed

refers to individuals who are currently working for pay or profit, or are engaged in any activity that generates income.

Agriculture

The practice of cultivating plants and livestock to produce food, fiber, medicinal plants, and other products to sustain life.

Farm Employment

Jobs or work related to agricultural activities on farms, including planting, cultivating, and harvesting crops or livestock management.