loader  Loading... Please wait...

Question(s) / Instruction(s):

Accompanying the bank statement was a debit memorandum for bank service charges.  What entry is required in the depositors accounts?

a.            debit Miscellaneous Administrative Expense; credit Cash

b.            debit Cash; credit Other Income

c.             debit Cash; credit Accounts Payable

d.            debit Accounts Payable; credit Cash

Find Similar Answers by Subject

Student Reviews

Rate and review your solution! (Please rate on a Scale of 1 - 5. Top Rating is 5.)

Expert's Answer
Download Solution:

This solution includes:

  • Plain text
  • Cited sources when necessary
  • Attached file(s)
  • Solution Document(s)

Reach Us