Question
Notification by the bank that a deposited customer cheque was returned NSF requires that the company make the following journal entry: 1.Accounts Receivable Cash 2.
Notification by the bank that a deposited customer cheque was returned NSF requires that the company make the following journal entry:
1.Accounts Receivable Cash
2. Miscellaneous Expense Accounts Receivable
3.Cash Accounts Receivable
4.No adjusting entry is necessary.
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For Heintz/parrys College Accounting, Chapters 1-15, 22nd Edition, [instant Access]
Authors: James A. Heintz, Robert W. Parry
22nd Edition
1305669886, 9781305669888
