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QUESTION IMAGE

current attempt in progress which accounts in the general ledger are af…

Question

current attempt in progress
which accounts in the general ledger are affected when the monthly posting is made from the sales journal?

accounts receivable; accounts receivable subsidiary accounts
accounts receivable; purchases
accounts receivable; sales revenue
accounts receivable subsidiary accounts; sales revenue

Explanation:

Brief Explanations

The sales journal records credit sales. When posting monthly to the general ledger, credit sales increase the asset Accounts Receivable (debit) and increase the revenue account Sales Revenue (credit). Subsidiary accounts are not general ledger accounts, and Purchases relate to inventory, not sales.

Answer:

Accounts Receivable; Sales Revenue