A Check from One of Zoum Company's Customers in the Amount

question 141

Multiple Choice

A check from one of Zoum Company's customers in the amount of $1650 was returned marked "NSF" with the company's June bank reconciliation.Use the following tabular analysis to determine the impact of the adjusting entry for the NSF check on Zoum's accounts:

• A)Increase Cash and increase Accounts Payable by $1650.
• B)Decrease Cash and increase Accounts Receivable by $1650.
• C)Increase Cash and decrease Accounts Receivable by $1650.
• D)Decrease Cash and decrease Accounts Payable by $1650.

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Definitions:

Mourning Wars

Traditional wars waged by Eastern Woodlands Native American groups to avenge the death of a loved one by seeking captives from other tribes.

Caravel

A type of small, highly maneuverable sailing ship developed by the Portuguese in the late 15th century, instrumental in exploration and trade.

Feitoria

historical term for Portuguese trade posts or fortresses established from the 15th century onwards across Africa, Asia, and Brazil for trade and to spread Christianity.

Irrigation Systems

Engineered networks of pumps, canals, barriers, and ditches designed to transport water to agricultural fields to support crop growth in areas lacking sufficient rainfall.