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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

C

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B

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