dude7707
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03-18-2023
02:09 PM
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Facts: In 2022, Cash Basis 1065 T/P, receives monthly rental check.
Same year, check bounces.
Q. Record this as:
Dr. Rental Income - Original Amount of check Rec'd.
Dr. Bank Charges - NSF Fee
Cr. Cash - Total Bank Charge for this transaction.
Correct?
Best Answer Click here
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