Question
Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the customer. What entry is required in the
Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the customer. What entry is required in the company's accounts?
| debit Notes Receivable; credit Cash | ||
| debit Cash; credit Miscellaneous Income | ||
| debit Cash; credit Notes Receivable and Interest Revenue | ||
| debit Accounts Receivable; credit Cash |
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Treasury Financial Manual Volume 1 Book 2
Authors: US Treasury
1st Edition
1790318432, 978-1790318438
