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Author Question: The journal entry to record an NSF check would require a a. debit to Accounts Receivable and a ... (Read 97 times)

Themember4

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on: Jul 6, 2018
The journal entry to record an NSF check would require a
 a. debit to Accounts Receivable and a credit to Cash.
   b. debit to Cash and a credit to Accounts Receivable.
   c. debit to Accounts Payable and a credit to Cash.
   d. debit to Miscellaneous Expense and a credit to Cash.
   e. debit to Cash and a credit to Accounts Payable.

Question 2

Which method of inventory assumes the last units purchased will remain in ending inventory on the balance sheet?
 
  a. FIFO.
  b. LIFO.
  c. Average cost.
  d. LIFO and FIFO.


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macmac

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Reply #1 on: Jul 6, 2018
Answer to Question 1

a

Answer to Question 2

d


Themember4

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Reply 2 on: Jul 6, 2018
:D TYSM

xoxo123

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Reply 3 on: Yesterday
Gracias!

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