Which of the Following Transactions Requires a Journal Entry

question 57

Multiple Choice

Which of the following transactions requires a journal entry?

• A)The bank charged $50 for a stop payment on a check.
• B)The bank deducted $50 from your account incorrectly.
• C)The bank collected a note receivable with interest on your behalf.
• D)A and C

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Definitions:

Doctorate Degree

The highest level of academic degree awarded by universities, typically after a course of study and research that contributes new knowledge to the field.

Psychology

The scientific study of the human mind and its functions, particularly those affecting behavior in a given context.

Observable Behavior

Actions or reactions of an individual that can be directly seen and measured.

American Psychologists

Professionals based in the United States specializing in the study of cognitive, emotional, and social processes and behavior by observing, interpreting, and recording how individuals relate to one another and their environments.