Debit memo for an nsf check

Assignment Help Accounting Basics

Reference no: EM13132954

Accompanying the bank statement was a debit memo for an NSF check received from a customer. What entry is required in the company's accounts?

a. debit Cash; credit Accounts Receivable

b. debit Accounts Receivable; credit Cash

c. debit Other Income; credit Cash

d. debit Cash; credit Other Income

Reference no: EM13132954

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