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17.2 The bookkeeper of Peri made the following mistakes:
Discount allowed $3,840 was credited to discounts received account.
Discount received $2 ,960 was debited to discounts allowed account.
Discounts were otherwise correctly recorded.
Which one of the following journal entries will correct the errors?
Dr Cr
$ $
A Discount allowed 7,680
Discount received 5,920
Suspense account 1,760
B Discount allowed 880
Discount received 880
Suspense account 1,760
C Discount allowed 6,800
Discount received 6,800
D Suspense account 1,760
Discount allowed 880
Discount received 880
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