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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
A customer's check for $1,270 was returned for nonsufficient funds. Which of the following journal entries is needed to adjust for the NSF check?

A) Accounts Receivable   1,270   
     Cash      1,270

B) NSF Check   1,270   
     Cash      1,270

C) Cash   1,270   
     Sales Revenue      1,270

D) Accounts Payable   1,270   
     Cash      1,270
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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7 years ago
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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