A Check Drawn by a Depositor for $915 in Payment

question 47

Multiple Choice

A check drawn by a depositor for $915 in payment of a liability was recorded in the depositor's book as $195.What adjustment is required in the depositor's accounts?

• A)Decrease Accounts Payable; decrease Cash
• B)Increase Cash; decrease Accounts Receivable
• C)Increase Cash; increase Accounts Payable
• D)Increase Accounts Receivable; decrease Cash

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Definitions:

Standard Line

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Credibility

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Likability

The quality or state of being pleasant, agreeable, and easy to enjoy, often influencing social acceptance and interpersonal relationships.

Salesperson

An individual who sells goods or services to customers for a living, often directly interacting with the buyers.