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On a bank reconciliation, the adjusting entry to record collection of notes should be: dehit te

On a bank reconciliation, the adjusting entry to record collection of notes should be: dehit te

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Moving to another question will save this response. Question 1 On a bank reconciliation, the adjusting entry to record collection of notes should be: A. A debit to Cash and a credit to Notes Receivable. B. A debit to Cash and a credit to Accounts Receivable. A debit to Cash and a credit to Notes Payable, A debit to Notes Receivable and a credit to Cash. A Moving to another question will save this response, 50000
Transcribed Image Text:Moving to another question will save this response. Question 1 On a bank reconciliation, the adjusting entry to record collection of notes should be: A. A debit to Cash and a credit to Notes Receivable. B. A debit to Cash and a credit to Accounts Receivable. A debit to Cash and a credit to Notes Payable, A debit to Notes Receivable and a credit to Cash. A Moving to another question will save this response, 50000
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