Accompanying the bank statement was a credit memorandum for ashort-term note col

Question

Accompanying the bank statement was a credit memorandum for ashort-term note collected by the bank for the customer. Whatadjustment is required in the depositor's accounts?
a. increase Notes Receivable; decrease Cash b. increase Cash; increase Miscellaneous Income c. increase Cash; decrease Notes Receivable d. increase Accounts Receivable; decrease Cash Accompanying the bank statement was a credit memorandum for ashort-term note collected by the bank for the customer. Whatadjustment is required in the depositor's accounts?
a. increase Notes Receivable; decrease Cash b. increase Cash; increase Miscellaneous Income c. increase Cash; decrease Notes Receivable d. increase Accounts Receivable; decrease Cash

Explanation / Answer

Please rate all the answers ! C. Increase cash ; decrease notes receivable

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