Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Entry that is required in the depositer account (https://www.askmehelpdesk.com/showthread.php?t=229270)

  • Jun 21, 2008, 02:21 PM
    wett09
    Entry that is required in the depositer account
    Receipts from cash sales of $9,500 were recorded incorrectly in the cash receipts journal as $5,900. What entry is required in the depositor's accounts?

    a) debit Sales; credit Cash
    b) ebit Cash; credit Accounts Receivable
    c) debit Cash; credit Sales
    d) debit Accounts Receivable; credit Cash
  • Jun 22, 2008, 01:23 AM
    morgaine300
    We're not here to just answer your homework problems for you. Please at least make an attempt to do your own work and why you think that's the correct answer. Or ask what you don't understand about it.

    Please see our homework posting guidelines here:
    https://www.askmehelpdesk.com/financ...-b-u-font.html

  • All times are GMT -7. The time now is 05:08 AM.