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Wilson Jones runs a departmental store. In the month of January, Wilson noted that a debit memo for an NSF check for $190 from K.S.
Wilson Jones runs a departmental store. In the month of January, Wilson noted that a debit memo for an NSF check for $190 from K.S. Smith was not recorded. Which of the following journal entries records the NSF check in Wilson's general journal? O a. Debit Cash account for $190 and credit Notes Payable account for $190 O b. Debit Cash account for $190 and credit Notes Receivable account for $190 OC. Debit Accounts Receivable account for $190 and credit Cash account for $190 Od. Debit Accounts Payable account for $190 and credit Cash account for $190 Which of the following is true of a signature card issued by a bank? O a. It is used by the bank for all receipt transactions. O b. It gives the bank a copy of the signature of only the holder of the checking account. OC. It helps the bank to detect forgeries. O d. It helps the bank to record the amount of coins, currency, and checks deposited. A Change Fund is debited when: O a. it is reimbursed. O b. it is established. O c. payments are made out of it. O d. receipts are recorded in it
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