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 |