What should a notary journal entry indicate if a fee is waived?

The correct response indicates that the notary journal entry should reflect the waived fee as "0," "n/c" (no charge), or "−" (negative). These notations clearly communicate that no fee was collected for the service provided. Maintaining accurate records is essential for notaries, as it not only ensures compliance with legal requirements but also provides a clear account of all transactions.

By specifying the fee as zero or using alternative notations, the notary effectively documents that while the service was rendered, no payment was received for it. This can help in tracking the notary's income correctly and provides transparency in case of audits or questions about the notary's activities. The clarity of these entries also aids in distinguishing between paid and unpaid services in the notary’s record-keeping practices.