Final answer:
The statement that a customer remits check and cash requires one payment event is true; regardless of the payment methods used, it is combined as a single transaction.
Step-by-step explanation:
When a customer remits a payment using both check and cash, typically only one payment event is necessary. This is because the total amount of money being transferred to the payee is combined into a single transaction, regardless of the split between cash and check.
Additional Information
To use a check for payment for goods and services, a customer must write a check for the amount due and provide it to the merchant. The store gets the money by depositing the check into their bank account, where the funds are transferred from the customer's account to the store's account. An overdraft occurs when a customer's bank account balance goes negative because they have written a check (or made another payment) for more money than what is available in their account.