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What is the proper journal entry to adjust the cash account for a check deemed NSF by the bank? Answer a. Debit Cash; Credit Accounts
What is the proper journal entry to adjust the cash account for a check deemed NSF by the bank? Answer a. Debit Cash; Credit Accounts Receivable b. Debit Bad Debt Expense; Credit Cash c. Debit Accounts Receivable; Credit Cash d. Debit Accounts Payable; Credit Cash e. Debit Miscellaneous Expense; Credit Cash
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