The Documentation with the Bank Statement Shows a Debit Memo

question 18

Multiple Choice

The documentation with the bank statement shows a debit memo for bank service charges.Based on this, what possible entry would be made in the company's accounts?

• A) debit Miscellaneous Administrative Expense; credit Cash
• B) debit Cash; credit Other Income
• C) debit Cash; credit Accounts Payable
• D) debit Accounts Payable; credit Cash

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