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10 points Descriptive question- Following the figure, describe the steps in accounting to show sales to customers and payment from customers. Accounts receivable subledger accounts
10 points Descriptive question- Following the figure, describe the steps in accounting to show sales to customers and payment from customers. Accounts receivable subledger accounts Customer 1 Dobit Credit 5,000 5,000 Customer 2 Dobit Credit 23,000 3,000 General ledger accounts Accounts receivable reconciliation 110100 Debit Credit Sales revenue 600000 Debit Credit 5,000 3,000 Bank 100000 Debit Credit 35,000 3,000 8,000 8,000 Sale to customer 1 Sale to customer 2 * Payment from customer 1 Payment from customer 2 Figure 3-16: Accounts receivable accounting
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