Question
What is the journal entry for a bounced check.
For exemplar, on May 10, Mr. Smith pays his $1000 bill the a certain company, cash receipt #1. On May 12 the check is returned marked Not Sufficient Funds. Would the journal entry look like this.
debit credit
Accounts Receivable $1000
Cash $1000
Also, What source document would I use. Thanks for you helps.
For exemplar, on May 10, Mr. Smith pays his $1000 bill the a certain company, cash receipt #1. On May 12 the check is returned marked Not Sufficient Funds. Would the journal entry look like this.
debit credit
Accounts Receivable $1000
Cash $1000
Also, What source document would I use. Thanks for you helps.
Answers
Thanks!
Related Questions
We have been assinged a tast to write a journal entry essay on a subordinate group. I have all of th...
English Homework:
Journal Entry Due Tomorrow
Topic - Dicuss a time when you made a decison to do...
Each Journal entry requires the following:
5 or more sentences per journal entry.
European Explore...
A journal is also called __________.
a journal entry
the book of original entry
the audit t...