Question: which multiple choice question is the right answer Orvis Company received a check for $750 from a customer for services provided the prior month. Orvis
which multiple choice question is the right answer
Orvis Company received a check for $750 from a customer for services provided the prior month. Orvis sent the check to the bank for deposit. The bank sent the check back to Orvis because the customer did not have the $750 in its account and declared it a not sufficient funds (NSF) check. What journal entry should Orvis make to record the NSF check?
a. Cash $750 Accounts Receivable $750
b. Accounts Receivable $750 Cash $750
c. Cash $750 Accounts Payable $750
d. Accounts Payable $750 Cash $750
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