Jawbreaker Company Paid $940 on Account to a Creditor $\quad$ $\quad$

Short Answer

Jawbreaker Company paid $940 on account to a creditor. The transaction was erroneously recorded as a debit to Cash of $490 and a credit to Accounts Receivable, $490. The correcting entry is a. Accounts Payable $\quad$$\quad$ 940
$\quad$ Cash $\quad$$\quad$ 940
b. Accounts Receivable $\quad$$\quad$ 490
$\quad$ Cash $\quad$$\quad$ 490
c. Accounts Receivable $\quad$$\quad$ 490
$\quad$ Accounts Payable. $\quad$$\quad$ 490
d. Accounts Receivable $\quad$$\quad$ 490
$\quad$ Accounts Payable $\quad$$\quad$ 940
$\quad$ Cash $\quad$$\quad$ 1,430