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When a depositor receives a bank statement indicating that there was a “NSF check”, the depositor should do which of the following?



A. Reduce the cash amount per the books for the amount of the “NSF check”.
B. Reduce the cash account per the bank statement for the amount of the “NSF Check”.
C. Credit allowance for doubtful accounts for the amount of the check
D. Increase the sales returns and allowances account.

This question is part of Accounting practice final
Asked by Mackenzie_Roman, Last updated: Mar 23, 2020

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Mackenzie_Roman

Mackenzie_Roman

Answered Jul 25, 2019

Reduce the cash amount per the books for the amount of the “NSF check”.
 

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