question archive Wilson Jones runs a departmental store

Wilson Jones runs a departmental store

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Wilson Jones runs a departmental store. In the month of January, Wilson noted that a debit memo for an NSF check for $190 from K.S. Smith was not recorded. Which of the following journal entries records the NSF check in Wilson's general journal? O a. Debit Cash account for $190 and credit Notes Payable account for $190 O b. Debit Cash account for $190 and credit Notes Receivable account for $190 OC. Debit Accounts Receivable account for $190 and credit Cash account for $190 Od. Debit Accounts Payable account for $190 and credit Cash account for $190
Which of the following is true of a signature card issued by a bank? O a. It is used by the bank for all receipt transactions. O b. It gives the bank a copy of the signature of only the holder of the checking account. OC. It helps the bank to detect forgeries. O d. It helps the bank to record the amount of coins, currency, and checks deposited.
A Change Fund is debited when: O a. it is reimbursed. O b. it is established. O c. payments are made out of it. O d. receipts are recorded in it.

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Wilson Jones
Answer is option C.
Debit accounts receivable Rs. 190 and credit cash account Rs. 190.
 
Answer is option C.
It helps the bank to detect forgeries.
 
Answer is option C.
When payments are made out of it.v

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