A Bank Statement Included a NSF Check from Customer Kim

question 21

Multiple Choice

A bank statement included a NSF check from customer Kim Fields for $2,100.The journal entry to record this reconciling item should:

• A)debit NSF and credit Cash for $2,100.
• B)debit Cash and credit Accounts Receivable for $2,100.
• C)debit Accounts Receivable and credit Cash for $2,100.
• D)debit Cash and credit NSF for $2,100.

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Definitions:

Scapegoat

An individual or group unfairly blamed for problems or negative outcomes that they did not cause.

Mascot

A character or symbol, often representing a group or organization, used for promotion or branding purposes.

Bowenian Theory

A theory of family therapy that emphasizes intergenerational transmission of emotional processes and working towards differentiation of self.

Creating Enactments

The therapeutic practice of having clients reenact specific past situations or emotions to aid in understanding and healing.