Which of the following would be included in a journal to record a dishonoured cheque?
A)A debit to Cash and a credit to Accounts receivable
B)A debit to Accounts receivable and a credit to Cash
C)A debit to Accounts payable and a credit to Cash
D)A debit to Miscellaneous expense and a credit to Cash

Question

Quizplus · Accepted Answer

When a cheque is dishonoured, the amount is no longer available in cash, so Cash is credited, and the amount is still owed by the customer, so Accounts Receivable is debited.

Which of the Following Would Be Included in a Journal