43 SAT Company paid $530 on account to a creditor. The transaction was erroneously recorded as a debit to Cash of $350 and a credit to Accounts Receivable, $350. The correcting entry is O a. Dr. Accounts receivables $350 Cr. Accounts payable $ 350 O b. Dr. Accounts payable $530 Cr. Cash $530 O c. Dr. Accounts receivable 350 Dr. Accounts payable $530, Cr. Cash $880 d. Dr. Accounts receivables $350 Cr. Cash S 350
43 SAT Company paid $530 on account to a creditor. The transaction was erroneously recorded as a debit to Cash of $350 and a credit to Accounts Receivable, $350. The correcting entry is O a. Dr. Accounts receivables $350 Cr. Accounts payable $ 350 O b. Dr. Accounts payable $530 Cr. Cash $530 O c. Dr. Accounts receivable 350 Dr. Accounts payable $530, Cr. Cash $880 d. Dr. Accounts receivables $350 Cr. Cash S 350
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
q43)
This multible choice question from ACCOUNTING PRINCIPLES I.
just write for me the final answer.
![43
SAT Company paid $530 on account to a creditor. The transaction was erroneously
recorded as a debit to Cash of $350 and a credit to Accounts Receivable, $350. The
correcting entry is
O a. Dr. Accounts receivables $350 Cr. Accounts payable $ 350
O b. Dr. Accounts payable $530
O c. Dr. Accounts receivable 350 , Dr. Accounts payable $530, Cr. Cash $880
O d. Dr. Accounts receivables $350
Cr. Cash $530
Cr. Cash $ 350](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F08a5271b-8517-4036-9a7b-dde994a0fa7b%2Fd37d36be-ba3e-4fab-86ce-039d75346ae3%2Fg81zgdz_processed.png&w=3840&q=75)
Transcribed Image Text:43
SAT Company paid $530 on account to a creditor. The transaction was erroneously
recorded as a debit to Cash of $350 and a credit to Accounts Receivable, $350. The
correcting entry is
O a. Dr. Accounts receivables $350 Cr. Accounts payable $ 350
O b. Dr. Accounts payable $530
O c. Dr. Accounts receivable 350 , Dr. Accounts payable $530, Cr. Cash $880
O d. Dr. Accounts receivables $350
Cr. Cash $530
Cr. Cash $ 350
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