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(Week 8) A/R control shows $310k; subsidiary total $312k. Investigation shows a ...

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(Week 8) A/R control shows $310k; subsidiary total $312k. Investigation shows a $2k receipt posted only to subledger. Correcting entry is:

Credit control 2,000; Credit cash 2,000

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Cash at bank 0 ; Accounts receivable control 2,000 ; (and/or) adjust via control to reconcile with subledger totals

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No entry; timing

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Debit control 2,000; Credit cash 2,000

100%

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