The balance in the Accounts Receivable account is $2,200 debit.Therefore,the balances in the subsidiary ledger should be $2,000.

Question

Quizplus · Accepted Answer

The subsidiary ledger should total to the same amount as the Accounts Receivable account balance. However, in this case, the subsidiary ledger total should be $2,200 to match the debit balance in the Accounts Receivable account. Therefore, the statement given in the question is false.

The Balance in the Accounts Receivable Account Is $2,200 Debit