The bank statement for Tetra Company contained the following items: a bank service charge of $10; a credit memo for interest ear
ned, $15; and a $50 NSF check from a customer. The company had outstanding checks of $100 and a deposit in transit of $300. The entry to record the customer's NSF check will:_____. a. increase the Accounts Receivable balance.
b. decrease the Cash account.
c. decrease equity.
d. increase the Accounts Receivable balance and decrease the Cash account balance.
d. increase the Accounts Receivable balance and decrease the Cash account balance.
Explanation:
A NSF check or a Non Sufficient Fund check is when a check is received from the customer for the amount owed by the customer and is recorded as bank debit and accounts receivable credit in the business's books but due to less balance in the customer's account, the payment is not received by the business and the check needs to be returned to the customer and the entry needs to be reversed by the business.
The result of recording the NSF will be to increase the accounts receivables balance and decrease the cash balance because the original entry when the check was received was to reduce the accounts receivable balance and to increase the cash balance.
I would create a job by, getting the requirements for the job, I would try getting other people to help me and to work with me. That's how I would create a job and the most important part, create a name for the job.
Affective decision-making (ADM) is a debatable and predictive theory of individual choice under risk and uncertainty. It generalizes expected utility theory by positing the existence of two cognitive processes – the “rational” and the “emotional".
This is the complete sentence: the polar transport of auxin establishes the orientation of growth, the lateral redistribution of auxin causes a growth response to an enviromental stimulus that is called morphogenesis.<span />
