Business

Tania Wiley

Today, 03:58

A company writes a check but does not have enough money to cover the balance. What is the journal entry for the charge assessed by the bank?

Question options:

Debit Service Charge Fee and Credit Cash

Credit Service Charge Fee and Debit Cash

Debit Expenses and Credit Cash

Credit Expenses and Debit Cash

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “A company writes a check but does not have enough money to cover the balance. What is the journal entry for the charge assessed by the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

Zira Co. reports the following production budget for the next four months. April May June July Production (units) 582 610 616 596 Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials

Before applying for a job as a contracts analyst, Diego read the job analysis for the available position.

Sandy is tired of her boss as well as corporate America in general. She decides she would like to start a business where no one tells her what to do, and she can always make the decisions. The best form of business for Sandy is a

Marigold Corp. issued at a premium of $9200 a $198000 bond issue convertible into 4800 shares of common stock (par value $20).

Select the correct answer. On March 1, Clean123 Inc. performs cleaning services for multiple customers. It sends customer invoices totaling $5,000. It expects to be paid at the end of the month for its services. How would Clean123 Inc.

New Questions in Business

g If the government implements a contractionary fiscal policy measure, but keeps monetary policy inactive, according the the short run Phillips Curve:Group of answer choicesactual inflation will increase and unemployment decrease.

What refers to analysis of environmental impacts of products from the design stage through end-of-life?

The theory of efficiency wages explains why a. it may be in the best interest of firms to offer wages that are above the equilibrium level. b. setting wages at the equilibrium level may increase unemployment. c.

Advertisers who want to advertise during award-winning television shows are looking to transfer the favorable impressions of the shows onto their products. this transference is called a

The current sections of Blue Spruce Corp.'s balance sheets at December 31, 2019 and 2020, are presented here. Blue Spruce's net income for 2020 was $151,700. Depreciation expense was $24,300.

Menu

Calculator

Subjects