$7\mathrm{.}4$ Bank Accounts

A customer purchased goods valued at $$425$ and paid with a personal cheque. At the end of the month, the bank statement included debit memo advising the cheque was NSF and there was a $$25$ NSF fee. The entry to record this item should include a

credit to cash for $$450.$

debit to Bank Charges for $$25.$

debit to Sales for $$425.$

credit to Accounts Receivable for $$450.$