Question
Zacky Corporations 12/31 bank reconciliation had the following reconciling items listed: NSF Check ($245) and NSF Fee ($22). What adjusting journal entry should Zacky record
Zacky Corporations 12/31 bank reconciliation had the following reconciling items listed: NSF Check ($245) and NSF Fee ($22). What adjusting journal entry should Zacky record on 12/31?
Select one:
a.
DR: Cash $267; CR: A/P $267
b.
DR: A/R $267; CR: Cash $267
c.
DR: Bank Expense $22; CR: Cash $22
d.
DR: Bank Expense $267; CR: Cash $267
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Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
