Joshua has entered sales returns of $100 on the credit side of the sales returns ledger account.Which of the following journals would correct this error?
A: Debit Sales Returns $200 and Credit Suspense $200
B: Debit Suspense $200 and Credit Sales returns $200
C: Debit Sales returns $100 and Credit Suspense $100
D: Debit Suspense $100 and Credit Sales returns $100
A: Debit Sales Returns $200 and Credit Suspense $200
B: Debit Suspense $200 and Credit Sales returns $200
C: Debit Sales returns $100 and Credit Suspense $100
D: Debit Suspense $100 and Credit Sales returns $100
举一反三
- Which of the following would not be found on the credit side of the receivables control account? A: Irrecoverable debts B: Sales C: Cash received D: Returns
- At the end of the day, the cash register's record shows $1,250, but the count of cash in the cash register is $1,245. The correct entry to record the cash sales is A: Debit Cash $1,245; Credit Sales $1,245. B: Debit Cash $1,245; debit Cash Over and Short $5; credit Sales $1,250. C: Debit Cash $1,250; credit Sales $1,250. D: Debit Cash $1,250; credit Sales $1,245, credit Cash Over and Short $5. E: Debit Cash Over and Short $5, credit Sales $5.
- Which TWO of the following are credit entries in the receivables ledger control account? A: Cash paid to credit suppliers B: Discounts received C: Irrecoverable debts D: Sales returns from credit customers
- A business must write off an irrecoverable debt of $3,000.What is the journal entry to record this in the nominal ledger? A: Debit Trade receivables $3 ,000; Credit Sales $3,000 B: Debit Sales $3,000; Credit Trade receivables $3 ,000 C: Debit Irrecoverable debt expense $3,000; Credit Trade receivables $3,000 D: Debit Trade receivables $3,000; Credit Sales $3,000
- If Abby, Inc. sells items to a customer who uses a credit card for $1,000, and there is a credit card fee of 1.5%, Abby will record a(n): A: credit to Sales Revenue for $985. B: debit to Accounts Receivable for $985. C: debit to Sales expense for $65. D: debit to Credit Card Discount Expense for $15.