An accounts receivable ledger lists the individual accounts of credit customers:

a.in the descending order of the amount of sales made to each customer.

b.in the ascending order of the amount of sales made to each customer.

c.in the chronological order of sales made to customers.

d.in alphabetical order of the names of customers.

Under the perpetual inventory system, the balance of the Cost of Goods Sold account:

a.is an asset account.

b.has normal credit balance.

c.represents the selling expenses incurred on the sale of goods.

d.represents the cost of the inventory sold.

Azure Company sold merchandise on account to P. Parker for $150. Which of the following journal entries records this sales transaction for Azure Company?

a.A debit to Cash for $150 and a credit to Sales for $150

b.A debit to Sales for $150 and a credit to Accounts Receivable, P. Parker for $150

c.A debit to Accounts Receivable, P. Parker for $150 and a credit to Sales for $150

d.A debit to Cash for $150 and a credit to Accounts Receivable, P. Parker for $150

A sales journal is used to record:

a.cash sales of merchandise.

b.sales of depreciated assets on account.

c.the cash receipts of the amount due from customers.

d.only sales of merchandise on account.

Companies that buy and sell goods are called:

a.service providers.

b.contractors.

c.manufacturing businesses.

d.merchandising businesses.

PLZ ANSWER ALL THE QUESTIONS.