Posting a sales journal to the accounts in the general ledger requires a
A) debit to Cash and a credit to Sales.
B) debit to Sales and a credit to Inventory.
C) debit to Accounts Receivable and a credit to Merchandise Inventory.
D) debit to Accounts Receivable and a credit to Sales.
Correct Answer:
Verified
Q29: If a company uses a multiple-column purchases
Q36: Which accounts in the general ledger are
Q64: The entries in a sales journal will
Q65: Debit postings to the individual accounts in
Q66: Which one of the following columns in
Q70: Journalizing in a sales journal will not
A)
Q75: Entries in the cash payments journal are
Q85: An (x) below the "Other Accounts" column
Q96: Proving the equality of the totals in
Q126: The accounts receivable _ provides detailed information
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents