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.

Question

Quizplus · Accepted Answer

The sales journal's activity represents sales made on credit, hence the accounts receivable account is debited and because the sales have been made, the sales account is credited. Therefore, the correct option is D, debited to accounts receivable and credited to sales.

When Posting the Sales Journal's Activity at the End of the Month,its