Entries to customers' accounts for credit sales are posted in the

Question

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Credit sales increase the amount owed to the company by its customers, which is recorded in the accounts receivable subsidiary ledger. This ledger tracks individual customer balances and is used to generate invoices and statements, as well as to monitor collection efforts. The accounts payable subsidiary ledger is used to track amounts owed by the company to its vendors, the fixed asset subsidiary ledger is used to track the purchase and depreciation of long-term assets, and the cash subsidiary ledger is used to track cash receipts and disbursements.

Entries to Customers' Accounts for Credit Sales Are Posted in the