Accompanying the Bank Statement Was a Credit Memo for a Short-Term

question 164

Multiple Choice

Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the customer. What entry is required in the company's accounts?

• A) debit Notes Receivable; credit Cash
• B) debit Cash; credit Miscellaneous Income
• C) debit Cash; credit Notes Receivable
• D) debit Accounts Receivable; credit Cash

---

Definitions:

Occipital Lobe

The occipital lobe is the region of the cerebral cortex located at the back of the brain, primarily responsible for processing visual information.

Stimulated

Excited to action or increased activity through external or internal means.

Flash of Light

A sudden and brief burst of bright light, often used in various contexts including photography, signaling, and scientific experiments.

Parietal Lobe

A region of the brain associated with processing sensory information such as touch, temperature, and pain.