The Bookkeeper Recorded a Payment on Account as $120 Instead

question 5

Multiple Choice

The bookkeeper recorded a payment on account as $120 instead of the correct amount of $210.What journal entry is required?

• A)Debit Accounts Payable for $210 and credit Cash for $210.
• B)Debit Accounts Receivable for $210 and credit Cash for $210.
• C)Debit Accounts Payable for $90 and credit Cash for $90.
• D)Debit Cash for $90 and credit Accounts Payable for $90.

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Definitions:

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A written or formal statement expressing dissatisfaction or grievance, typically submitted to an authority or organization.

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Suggestions or advice given based on expertise or experience, aimed at guiding decisions or actions.

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A manner of communication or action that is straightforward and succinct, without any unnecessary detail or elaboration.

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Communication or actions that are not straightforward or explicit, often involving implication or suggestion rather than direct expression.