Posting a sales journal to the accounts in the general ledger requires a
A) debit to Cash and a credit to Sales.
B) debit to Sales and a credit to Inventory.
C) debit to Accounts Receivable and a credit to Inventory.
D) debit to Accounts Receivable and a credit to Sales.

Question

Quizplus · Accepted Answer

A sales journal records the revenue generated from sales, which increases the company's Accounts Receivable balance. Therefore, a debit entry to Accounts Receivable is required. The credit entry would be to Sales to show that revenue has been generated.

Posting a Sales Journal to the Accounts in the General