A credit sale of $5,275 to a customer would result in which of the following?
A) A credit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable subsidiary ledger.
B) A debit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable subsidiary ledger.
C) A credit to Sales and a credit to the customer's account in the accounts receivable subsidiary ledger.
D) A credit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable subsidiary ledger.
E) A debit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable subsidiary ledger.

Question

Quizplus · Accepted Answer

A credit sale increases the Accounts Receivable account in the general ledger and the customer's account in the subsidiary ledger, both of which are debited.

A Credit Sale of $5,275 to a Customer Would Result