Saturday, October 10, 2020

After preparing the bank reconciliation, an NSF check would result in which of the following when recording the adjustment to the company's cash balance?

After preparing the bank reconciliation, an NSF check would result in which of the following when recording the adjustment to the company's cash balance?


A) Debit to Service Fee Expense.

B) Credit to Accounts Payable.

C) Credit to Service Revenue.

D) Debit to Accounts Receivable.


Answer: Debit to Accounts Receivable.

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