Question $9$ Once a month, a client processes all of the customer direct debit payments in one batch. A customer$$s payment has been returned stating that the customer$$s account has been closed. What is the first thing that needs to be done to record this transaction? Create an expense transaction, allocate to bank fees and then to the client as a billable expense. Create a service item called bounced checks. Create a journal entry to credit the bank account and debit the Accounts Receivable account. Create an invoice to the customer, and allocate the amount directly to the bank account in the account details. Previous