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:

Posttraumatic Stress Disorder

A psychiatric disorder that can occur in people who have experienced or witnessed a traumatic event.

Flashback

The sudden and intense re-experiencing of past experiences or traumas, often seen in PTSD.

Illusion

A misperception or misinterpretation of a real external stimulus, often influenced by the individual's emotional state.