Wilson Company used a check to pay Smith Company for services provided by Smith. Smith...
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Accounting
Wilson Company used a check to pay Smith Company for services provided by Smith. Smith deposited Wilsons check in its account with the State Bank. When Smiths most recent bank statement was examined,the companys accountant noticed that the Wilson check had been classified as an NSF (not sufficient funds) check. The NSF check
a. was shown as a debit on Smiths bank statement.
b.was shown as a credit on Smiths bank statement.
c.was not shown on Smiths bank statement.
d.was reported only in the footnotes to Smiths bank statement.
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