A credit sale of $3,275 to a customer would result in:Select one:

a. A debit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable subsidiary ledger.

b. A credit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable subsidiary ledger.

c. A debit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable subsidiary ledger.

d. A credit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable subsidiary ledger.

e. A credit to Sales and a credit to the customer's account in the accounts receivable subsidiary ledger.

Question

Business

Devan Rangel

17 August, 20:51

A credit sale of $3,275 to a customer would result in:Select one:

a. A debit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable subsidiary ledger.

b. A credit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable subsidiary ledger.

c. A debit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable subsidiary ledger.

d. A credit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable subsidiary ledger.

e. A credit to Sales and a credit to the customer's account in the accounts receivable subsidiary ledger.

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Answers (1)

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Rylee Schneider · Answer 1

a. A debit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable subsidiary ledger.

Explanation:

The accounting will do as follow

journal entry

account receivable 3,275 debit

sales revenue 3,275 credit

Account receivable ledger

3,275 debit

Then in the account receivable subsidiary legder's customer account it will debit his account by the same amount, in order to show his new balance.

The account receivable will keep track of all the credit sales to collect. While the subsidiary ledger will disclosure all the customers account to collect.