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A correcting journal entry was made that debited Unearned Revenue and credited Accounts Receivable for $1,500. The situation that may have caused the error could
A correcting journal entry was made that debited Unearned Revenue and credited Accounts Receivable for $1,500. The situation that may have caused the error could be
A :
a cash collection of $1,500 on account was incorrectly recorded as Unearned Revenue.
B :
a collection on account of $1,500 was incorrectly credited to Revenue, not Accounts Receivable.
C :
a cash collection of $750 on account was recorded backwards.
D :
a collection on account of $1,500 was incorrectly credited to Cash, not Accounts Receivable
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