When the totals of the sales journal are posted at the end of the month there will be credits to
A) Sales Revenue and Inventory and debits to Accounts Receivable and Cost of Goods Sold.
B) Accounts Receivable and Cost of Goods Sold and debits to Sales Revenue and Inventory.
C) Sales Revenue and debits to each individual customer account.
D) the Sales Revenue account only and no debits.

Question

Quizplus · Accepted Answer

The totals of the sales journal are posted at the end of the month to credit Sales Revenue and debit Accounts Receivable and Cost of Goods Sold.

When the Totals of the Sales Journal Are Posted at the End