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OAKLEY CO. Trial Balance June 30, 2012 Debit Cash ($2,870 + $360 - $65 - $65). Accounts Receivable ($3,231 - $360).

Question 1 says the following: Cash received from a customer on account was debited for $370, and Accounts receivable was credited for $370 too; however, my teacher wrote $360 on the board. It should be $370 instead of $360. Correct? I have uploaded a Microsoft file containing the question and what my teacher typed on the board too below. Be certain to look all the way down the file too to see what I typed.
OAKLEY CO. Trial Balance June 30, 2012 Debit Credit Cash ($2,870 + $360 – $65 – $65). ................................................................ $ 3,100 Accounts Receivable ($3,231 – $360). .......................................................... 2,871
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