T Tallon had the following transactions:
1 Sale of goods on credit for $150 to F Rogit
2 Return of goods originally sold for $300 in cash to B Blendigg
What are the correct ledger entries to record these transactions?
A.
|
Dr Sales |
$150 |
|
|
Dr Cash |
$300 |
|
|
Cr Receivables |
|
$150 |
|
Cr Sales Returns |
|
$300 | B.
|
Dr Sales Returns |
$300 |
|
|
Dr Sales |
$150 |
|
|
Cr Sales |
|
$450 | C.
|
Dr Receivables |
$450 |
|
|
Cr Sales |
|
$150 |
|
Cr Sales Returns |
|
$300 | D.
|
Dr Receivables |
$150 |
|
|
Dr Sales Returns |
$300 |
|
|
Cr Sales |
|
$150 |
|
Cr Cash |
|
$300 | | 
