When Reconciling Its Accounts, Ajax Company Found the Accounts Receivable

question 72

Multiple Choice

When reconciling its accounts, Ajax Company found the accounts receivable general ledger account had a balance of $30, 000, and the accounts receivable subsidiary ledger account balances totaled $28, 000.The most likely reason for this difference was

• A)a sale to a customer was recorded twice in the subsidiary ledger
• B)cash received from a customer was posted twice to the subsidiary ledger
• C)a sale to a customer was not posted to the general ledger
• D)cash received from a customer was recorded twice in the general ledger

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Definitions:

Ghrelin

A hormone produced by the stomach that stimulates appetite and signals the brain to increase food intake.

Sympathetic Nervous System

Part of the autonomic nervous system that activates the body's rapid involuntary response to dangerous or stressful situations.

Subjective Awareness

The state of being conscious of one’s thoughts, feelings, and surroundings from a personal perspective.

Cortex

The brain's outermost layer, which plays a crucial role in advanced functions including consciousness, thinking, emotions, logical analysis, language acquisition, and remembering.