MCQs > Finance & Management > Accounts Payable > Receipts from cash sales of $7,500 were recorded incorrectly as $5,700. What entry is required in the depositor's accounts?

Accounts Payable MCQs

Receipts from cash sales of $7,500 were recorded incorrectly as $5,700. What entry is required in the depositor's accounts?

Answer

Correct Answer: Debit Cash: Credit Cash Sales

Explanation:

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