Accounting Questions?

Accounting Questions?
Receipts from cash sales of $7,500 were recorded incorrectly as $5,700. What entry is required in the depositor's accounts? a. debit Cash; credit Accounts Receivable b. debit Sales; credit Cash c. debit Accounts Receivable; credit Cash d. debit Cash; credit Sales An important characteristic of the voucher system is the requirement that: a. vouchers be paid immediately after they are prepared b. a voucher be prepared for each expenditure c. the face of the voucher show the account distribution d. vouchers be prepared by the treasurer Accompanying the bank statement was a credit memorandum for a short-term, non-interest-bearing note collected by the bank. What entry is required in the depositor's accounts? a. debit Accounts Receivable; credit Cash b. debit Cash; credit Notes Receivable c. debit Cash; credit Miscellaneous Income d. debit Notes Receivable; credit Cash

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