A Customer's Check for $1,280 Was Returned for Nonsufficient Funds $$\begin{array} { | c | r | r | } \hline \text { Accounts receivable } & 1,280 & \\\hline \text { Cash } & & 1,280 \\\hline\end{array}$$

question 138

Multiple Choice

A customer's check for $1,280 was returned for nonsufficient funds. Which of the following journal entries is needed to adjust for the NSF check?

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Accounts receivable } & 1,280 & \\
• \hline \text { Cash } & & 1,280 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Cash } & 1,280 & \\
• \hline \text { Sales revenue } & & 1,280 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { NSFcheck } & 1,280 & \\
• \hline \text { Cash } & & 1,280 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Accounts payable } & 1,280 & \\
• \hline \text { Cash } & & 1,280 \\
• \hline
• \end{array}\]

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Definitions:

Probability

An estimation of how likely it is for a specific event to occur, presented as a number from 0 to 1.

Face Card

A term used in playing cards to refer to Jacks, Queens, and Kings.

Fair Die

A die that has an equal likelihood of landing on any one of its faces when thrown.

Events

In probability and statistics, an event is a set of outcomes of an experiment or situation to which a probability is assigned.