The bookkeeper of Peri made the following mistakes:
Discount allowed $3,840 was credited to Discounts Received account.
Discount received $2,960 was debited to Discounts Allowed account.
Discounts were otherwise correctly recorded.
Which of the following journal entries will correct the errors?
Dr Cr
$ $
A Discount allowed 7,680
Discount received 5,920
Suspense account 1,760
B Discount allowed 880
Discount received 880
Suspense account 1,760
C Discount allowed 6,800
Discount received 6,800
D Discount allowed 3,840
Discount received 2,960
Suspense account 880
B
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