Assuming this journal entry was posted what correcting

Reference no: EM13480903

132 A $72,000 receipt of cash from a customer pa... A $72,000 receipt of cash from a customer paying on their account was recorded as a $72,000 debit to Accounts Receivable. Assuming this journal entry was posted, what correcting entry is needed A.Debit Cash and Credit Accounts Receivable for $72,000 each B.Debit Cash and Credit Accounts Receivable for $144,000 each C.Credit Cash and Debit Accounts Receivable for $72,000 each D.Credit Cash and Debit Accounts Receivable for $144,000 each E.No correcting entry is needed for this transaction

Reference no: EM13480903

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