Multiple choice question 112 jawbreaker company paid $940 on account
Multiple Choice Question 112 Jawbreaker Company paid $940 on account to a creditor. The transaction was erroneously recorded as a debit to Cash of $490 and a credit to Accounts Receivable, $490. The correcting entry is [removed] Accounts Receivable………………………………………………………………… 490 Cash………………………………………………………………………………….. 490 [removed] Accounts Payable……………………………………………………………………. 940 Cash………………………………………………………………………………….. 940 […]