Question

Accompanying the bank statement was a debit memorandum for an NSF check received from a customer. This item would require an adjusting entry including a ______. A. debit to accounts receivable B. debit to cash C. debit to accounts payable D. credit to accounts payable

Answer 1

Answer:

The correct answer is debit accounts receivable, credit cash.

Explanation:

Note debit is a receipt that a company sends to its client, in which it is notified that it has charged or debited a certain sum or value in its account, for the concept indicated in the same note. This document increases the value of the debt or account balance, whether due to an error in billing, interest for late payment, or any other circumstance that means an increase in the balance of an account.