Question: Your client, TLC Co., notices that there are some expenditures in his bank feed that he does not recognize. They are legitimate charges on his

Your client, TLC Co., notices that there are some expenditures in his bank feed that he does not recognize. They are legitimate charges on his debit card according to his bank statement, but the descriptions are not helpful in identifying the merchants and he cannot find the paper receipts. Which of the following default accounts is used to accept the transactions into his accounting records? Select the single best answer: A. Uncategorized Income B. Accounts Payable C. Selling, General and Administrative Expenses D. Uncategorized Expense E. Unapplied Cash Payment Income

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