The bookkeeper of Peri made the following mistakes: Discount allowed $3,840 was credited to discounts received...

 

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The bookkeeper of Peri made the following mistakes: Discount allowed $3,840 was credited to discounts received account. Discount received $2,960 was debited to discounts allowed account. Discounts were otherwise correctly recorded. Which one of the following journal entries will correct the errors? A B C Discount allowed Discount received Suspense account Discount allowed Discount received uspense account Discount allowed Discount received Dr $ 7,680 880 880 6,800 JA 5,920 1,760 1,760 6,800 The bookkeeper of Peri made the following mistakes: Discount allowed $3,840 was credited to discounts received account. Discount received $2,960 was debited to discounts allowed account. Discounts were otherwise correctly recorded. Which one of the following journal entries will correct the errors? A B C Discount allowed Discount received Suspense account Discount allowed Discount received uspense account Discount allowed Discount received Dr $ 7,680 880 880 6,800 JA 5,920 1,760 1,760 6,800

Answer rating: 100% (QA)

Answer Account Title and explanation Discount Allowed Discount Received ... View the full answer