On 3rd March credit sales were made of $25,000, cash sales of $4,500 were made, and debts outstanding of $3,200 were written off as irrecoverable. What will be the total of entries for 3rd March to the receivables control account? A: Debit $21,800 B: Credit $21,800 C: Debit $26,300 D: Credit $26,300

To which of the following is the receivables ledger control account reconciled? A: Aged receivables analysis B: Payables ledger C: Receivables ledger D: Cash book

Joshua has entered sales returns of $100 on the credit side of the sales returns ledger account.Which of the following journals would correct this error? A: Debit Sales Returns $200 and Credit Suspense $200 B: Debit Suspense $200 and Credit Sales returns $200 C: Debit Sales returns $100 and Credit Suspense $100 D: Debit Suspense $100 and Credit Sales returns $100

A business discovers that a customer has become bankrupt. The customer owes the business $2,360. If sales tax is 20%, what accounting entries are necessary? A: DR Irrecoverable debts: $2,360, CR Receivables: $2,360 B: DR Irrecoverable debts: $1,888, DR Sales tax: $472, CR Receivables: $2,360 C: DR Irrecoverable debts: $2,360, CR Sales tax: $393.33, CR Receivables: $1,966.67 D: DR Irrecoverable debts: $1,966.67, DR Sales tax: $393.33, CR Receivables: $2,360

Ignoring sales tax, which of the following are the correct entries to post the total of the discounts received column in the cash book to the general ledger? A: DR discounts received, CR Purchases B: DR Payables control account, CR Discounts received C: DR Purchases, CR Discounts received D: DR Discounts received, CR Payable control account