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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