Question 1 says the following: Cash received from a customer on account was debited for $370, and Accounts receivable was credited for $370 too; however, my teacher wrote $360 on the board. It should be $370 instead of $360. Correct? I have uploaded a Microsoft file containing the question and what my teacher typed on the board too below. Be certain to look all the way down the file too to see what I typed.

OAKLEY CO. Trial Balance June 30, 2012 Debit Cash ($2,870 + $360 - $65 - $65)................................................................. Accounts Receivable ($3,231 - $360)........................................................... $ 3,100 2,871 Credit