On February 14, Watauga Enterprises received notice from the bank of a dishonored check from Wilkes Company in the amount of $200.00. The bank charged a service fee of $25.00. What is the correct journal entry for Watauga Enterprises to record the dishonored check?
A. Debit Accounts Receivable-Wilkes Company $200.00, debit Bank Service Charge $25.00; credit Cash$225.00B. Debit Accounts Receivable-Wilkes Company $225.00; credit Bank Service Charge $25.00, credit Cash$200.00C. Debit Accounts Receivable-Wilkes Company $225.00; credit Cash $225.00D. Debit Cash $225.00; credit Accounts Receivable-Wilkes Company $225.00
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