To be useful, information must be understandable, relevant, reliable, timely, and accurate. All of the following are advantages of using subsidiary ledgers except they eliminate errors in individual accounts free the general ledger of excessive details. show, in a single account, transactions affecting one customer or one creditor. make possible a division of labor. Which of the following is not an advantage of a subsidiary ledger? Shows transactions affecting one customer or one creditor in a single account. Helps locate errors in individual accounts. Puts greater detail in the general ledger. Makes possible a division of labor. Credit sales of assets other than merchandise are recorded in the cash payments journal. cash receipts journal. general journal. sales journal. When the totals of the sales journal are posted at the end of the month, there will be credits to Sales and Merchandise Inventory and debits to Accounts Receivable and Cost of Goods Sold. Accounts Receivable and Cost of Goods Sold and debits to Sales and Merchandise Inventory. Sales and debits to each individual customer account. the Sales account only, and no debits. The Other Accounts column of a multi-column journal is often referred to as the Sundry Accounts column. Controlling Account column. Credit Account column. Debit Account column. Companies record credit purchases of equipment or supplies in the cash payments journal. cash receipts journal. general journal. one-column purchases journal. In the expanded purchases journal, debits are made in which columns? Accounts Payable, Merchandise Inventory, and Office Supplies Merchandise Inventory, Office Supplies, and Store Supplies Cash, Office Supplies, and Store Supplies Accounts Payable, Cash, and Merchandise Inventory If a customer takes a sales discount, an entry is made in the cash receipts journal. sales journal. cash payments journal. general journal