Notification by the Bank That a Customer's Deposited Cheque Was

question 36

Multiple Choice

Notification by the bank that a customer's deposited cheque was returned NSF requires that the company make the following adjusting journal entry:

• A)Debit accounts receivable,credit cash
• B)Debit cash,credit accounts receivable
• C)Debit bank charges expense,credit accounts receivable
• D)No adjusting entry required.

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Definitions:

Advertising Program

A coordinated effort that involves designing and delivering advertising messages to promote a product, service, or brand to a targeted audience.

Sweepstakes

A type of contest or promotion where winners are selected by chance, often used by businesses for marketing purposes.

Contest

A competitive event where participants strive to win by meeting or surpassing certain criteria.

Disadvantages

The negative aspects or drawbacks associated with a decision, action, strategy, or product.