Saturday, October 10, 2020

After preparing a bank reconciliation, the collection of a note by the bank on a company's behalf would be recorded with a:

After preparing a bank reconciliation, the collection of a note by the bank on a company's behalf would be recorded with a:


A) Credit to Notes Receivable.

B) Credit to Cash.

C) Debit to Notes Receivable.

D) Credit to Accounts Receivable.


Answer: Credit to Notes Receivable.

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