Question

A credit sale of $2,500 to a customer would result in:A debit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable ledger. A debit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable ledger. A credit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable ledger. A credit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable ledger.

Answer 1

Answer:A debit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable ledger.

Explanation:

In Recording a Credit Sale in the general Ledger, the following should be made

Account                                                   Debit                      Credit

Accounts receivable                             $2,500  

Sales revenue                                                               $2,500

In Recording a Credit Sale in the  accounts receivable ledger, the following should be made

Account                                                   Debit                      Credit

Cash(Customer's account)                $2,500

Accounts receivable                                                              $2,500

Therefore, A credit sale of $2,500 to a customer would result in A debit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable ledger