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Choose the One Most Appropriate Answer for Each

question 3

Multiple Choice

Choose the one most appropriate answer for each.
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Definitions:

Service Charges

Fees charged by a company for providing a particular service to its customers.

Note Collected

Refers to the receipt or collection of the amount due from a note receivable.

NSF Check

A check that has been returned by a bank because of insufficient funds in the account to cover the amount written on the check.

Outstanding Checks

Checks that have been issued and recorded by an entity but have not yet been cashed or cleared by the bank.

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