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Chapter 6, Problem 4QY

What is the journal entry to record an NSF check, from J. Smith for $250, that is returned with the bank statement?

  1. a. Cash $250 DR; NSF Check $250 CR
  2. b. Accounts Receivable $250 DR; Cash $250 CR
  3. c. NSF Check $250 DR; Accounts Receivable $250 CR
  4. d. Cash $250 DR; Accounts Receivable $250 CR
  5. e. Cash $250 DR; Miscellaneous Expense $250 DR
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