The bank notifies the company of fees for the month already taken out of the company's bank account.The transaction should be recorded as:
A. DR Bank charges $\quad $ CR Accounts payable

B. DR Bank charges $\quad $ CR Expenses payable

C. DR Bank charges $\quad $ CR Cash

D. No entry is required.

Question

The bank notifies the company of fees for the month already taken out of the company's bank account.The transaction should be recorded as:
A. DR Bank charges  $\quad $ CR Accounts payable

B. DR Bank charges  $\quad $ CR Expenses payable

C. DR Bank charges  $\quad $ CR Cash

D. No entry is required.

Quizplus · Accepted Answer

The Answer of The bank notifies the company of fees for the month already taken out of the company's bank account.The transaction should be recorded as:
A. DR Bank charges  $\quad $ CR Accounts payable

B. DR Bank charges  $\quad $ CR Expenses payable

C. DR Bank charges  $\quad $ CR Cash

D. No entry is required.

The Bank Notifies the Company of Fees for the Month \quad

The Bank Notifies the Company of Fees for the Month $\quad$