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The bank statement for Tetra Company contained the following items: a bank service charge of $10; a credit memo for interest earned, $15; and a
The bank statement for Tetra Company contained the following items: a bank service charge of $10; a credit memo for interest earned, $15; and a $50 NSF check from a customer. The company had outstanding checks of $100 and a deposit in transit of $300 The entry to record the customer's NSF check will Multiple Choice increase the Accounts Receivable balance. decrease the Cash account. decrease equity. increase the Accounts Receivable balance and decrease the Cash account balance
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