Saturday, October 10, 2020

After preparing a bank reconciliation, the service fee charged by the bank would be recorded with a:

After preparing a bank reconciliation, the service fee charged by the bank would be recorded with a:


A) Credit to Service Fees Expense.

B) Debit to Cash.

C) Credit to Service Fees Revenue.

D) Debit to Service Fees Expense.


Answer: Debit to Service Fees Expense.

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