Which of the following journal entries is recorded as a result of the bank reconciliation process to record a NSF check for $250?    A. Cash   250     Accounts Receivable   250    B. Accounts Receivable   250     Petty Cash   250    C. Accounts Receivable   250     Cash   250    D. Cash   250     Accounts Payable   250

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following journal entries is recorded as a result of the bank reconciliation process to record a NSF check for $250?

 
  •  A.
    Cash   250  
      Accounts Receivable   250

     

  •  B.
    Accounts Receivable   250  
      Petty Cash   250

     

  •  C.
    Accounts Receivable   250  
      Cash   250

     

  •  D.
    Cash   250  
      Accounts Payable   250

     

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