Question
Posting a sales journal to the accounts in the general ledger requires a: a. debit to Cash and a credit to Sales. b. debit to
Posting a sales journal to the accounts in the general ledger requires a:
a. debit to Cash and a credit to Sales.
b. debit to Sales and a credit to Inventory.
c. debit to Accounts Receivable and a credit to Inventory.
d. debit to Accounts Receivable and a credit to Sales.
Step by Step Solution
3.48 Rating (151 Votes )
There are 3 Steps involved in it
Step: 1
Correct answer debit to Cash and a credit to Sales Explanation When you ...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
14th edition
978-1259284861, 1259284867, 77862392, 978-0077862398
