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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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9413145

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