A credit sale of $2,500 to a customer would result in a:
A)Debit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable ledger.
B)Credit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable ledger.
C)Debit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable ledger.
D)Credit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable ledger.
E)Credit to Sales and a credit to the customer's account in the accounts receivable ledger.

Question

Quizplus · Accepted Answer

A credit sale increases the Accounts Receivable, so it is debited in both the general ledger and the customer's account in the accounts receivable ledger.

A Credit Sale of $2,500 to a Customer Would Result