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What be included in journal entry to adjust for payment

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Reference no: EM132932394

Problem 1: Coaster's Co. received notification from their bank that one of their customer's checks bounced (NSF). What would be included in the journal entry to adjust for this payment?

Option 1: Debit to cash

Option 2: Credit to accounts receivable

Option 3: Debit to accounts receivable

Option 4: Debt to bad debt expense

Reference no: EM132932394

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