The Bank Notifies the Company of Fees for the Month $\quad$

question 52

Short Answer

The bank notifies the company of fees for the month already taken out of the company's bank account.The transaction should be recorded as:
A. DR Bank charges $\quad$ CR Accounts payable

B. DR Bank charges $\quad$ CR Expenses payable

C. DR Bank charges $\quad$ CR Cash

D. No entry is required.

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Definitions:

Interview

A formal meeting in which one or more persons question, consult, or evaluate another person.

Competitors

Entities or individuals that are in the same industry or field, vying for the same market share or audience attention.

Processor

The central unit within a computer that performs the calculation, execution, and processing of data.

RAM

Short for Random Access Memory, it's a form of computer memory that can be read and changed in any order, typically used to store working data and machine code.