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A characteristic of a schedule of accounts receivable is that: 2 points) pos O A. it contains a list of customers' names with balances. B.

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A characteristic of a schedule of accounts receivable is that: 2 points) pos O A. it contains a list of customers' names with balances. B. it is prepared at the end of the month. C. the total is equal to the accounts receivable control account at the end of the month. D. All of these answers are correct. Sara's Jewelry sold 40 necklaces for $35 each to a credit customer. The invoice included a 7% sales tax and payment terms of 2/10, 1/30 In addition, 5 necklaces were returned prior to payment. The entry to record the original sale would include: (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar) A a debit to Sales for $1,498, B. a debit to Accounts Receivable for $1,400 C a debit to Sales for $1,400 OD a dobit to Accounts Receivable for $1,498, ht wo ul/ The contra-revenue accounts include: EBE A. Sales Tax Payable B. Sales Returns and Allowances, OC. Sales Discount D. Both Band are correct CI Customer returned merchandise for credit. This will be recorded with: U 200 O A. a credit to an asset account. B. a debit to an asset account. c. a debit to a liability D. a debit to a revenue account su ents possible Accounts of a single type are kept in the: A. supplemental ledger. B. primary ledger C. subsidiary ledger, D. None of these answers is correct

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