Ables Budget Boutique Uses Special Journals

Multiple Choice

Ables Budget Boutique uses special journals. If a credit customer returns $40 of goods on which $3 of sales tax was charged, identify the statement below that would be correct when posting the transaction.

A) A credit of $40 would be posted to the customer's account in the accounts receivable ledger.
B) A debit of $43 would be posted to the customer's account in the accounts receivable ledger.
C) A credit of $43 would be posted to the customer's account in the accounts receivable ledger.
D) A debit of $40 would be posted to the customer's account in the accounts receivable ledger.