A company writes a check but does not have enough money to cover the balance. What is the journal entry for the charge assessed by the bank?

Question options:

Debit Service Charge Fee and Credit Cash

Credit Service Charge Fee and Debit Cash

Debit Expenses and Credit Cash

Credit Expenses and Debit Cash

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23 December, 16:50

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Itzel Curtis · Answer 1

Credit Service Charge Fee And Debit Cash almost 100% sure

A company writes a check but does not have enough money to cover the balance. What is the journal entry for the charge assessed by the bank?Question options:Debit Service Charge Fee and Credit CashCredit Service Charge Fee and Debit CashDebit Expenses and Credit CashCredit Expenses and Debit Cash