Multiple Choice
When posting the sales journal's activity at the end of the month,its totals are:
A) Debited to Sales and credited to Accounts Receivable.
B) Debited to Accounts Receivable and credited to Cash.
C) Debited to Cash and credited to Accounts Receivable.
D) Debited to Accounts Receivable and credited to Sales.
E) Debited to Cash and credited to Sales.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: Which of the following statements regarding accounting
Q19: A company makes a payment of $5,000
Q20: When a company uses special journals,the general
Q23: Doughton Furniture Company purchased merchandise on credit
Q24: The Saginaw Company uses special journals for
Q25: An accounts receivable ledger is a:<br>A)Subsidiary ledger
Q26: A journal that is used to record
Q51: A _ is a listing of accounts
Q73: _processing of transactions enters and processes data
Q121: The _ principle requires that an accounting