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 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

Answer 1

Credit Service Charge Fee and Debit Cash

Step-by-step explanation:

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Answer 2

Credit Service Charge Fee And Debit Cash almost 100% sure