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Notification by the Bank That a Deposited Customer Check Was

Question 77

Multiple Choice

Notification by the bank that a deposited customer check was returned NSF requires that the company make the following adjustment:


A) Increase Accounts Receivable Decrease Cash
B) Increase Cash Decrease Accounts Receivable
C) Increase Miscellaneous Expense Decrease Accounts Receivable
D) No adjustment is necessary.

Correct Answer:

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