The discount column on the debit side of the cashbook adds up to $842. It was posted to the Discount Received Account. The discount column on the credit side of the cashbook adds up to $613. It was posted to the Discount Allowed Account. Which entries cor

To correct the entries related to the discounts, we first need to understand the errors made: 1. The **Discount Received** amount ($842) was incorrectly posted to the **Discount Received Account**. 2. The **Discount Allowed** amount ($613) was incorrectly posted to the **Discount Allowed Account**. Now let's look at the current accounts: - The **Discount Received Account** has an incorrect amount ($842), which should instead reflect the value of $613 originally supposed to be posted for discounts allowed. - The **Discount Allowed Account** has an incorrect amount of $613, which should instead reflect the amount of $842 originally supposed to be posted for discounts received. To correct these errors, we need to: - Remove the incorrect amount from the **Discount Received Account** and post it to the **Discount Allowed Account**. - Remove the incorrect amount from the **Discount Allowed Account** and post it to the **Discount Received Account**. The amount that needs to be moved between the accounts due to the errors is the difference between the two amounts ($842 and $613), which is $229. Therefore, the correct entries to adjust for these errors would be: - **Debit Discount Received Account ($229)** to reduce the incorrect amount in that account. - **Credit Discount Allowed Account ($229)** to reduce the incorrect amount posted in that account. Thus, the correct entries to correct the errors are: - **Debit Discount Received Account ($229)** - **Credit Discount Allowed Account ($229)** The correct answer from the provided options is: - **Debit Discount Received Account ($229)** - **Credit Discount Allowed Account ($229)**.