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Question
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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
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.
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Accounts Receivable; Sales Revenue