A Business Maintains Subsidiary Accounts for Each of Its Customers

question 133

Short Answer

A business maintains subsidiary accounts for each of its customers. On May 15, the business sells services on account: $2,500 to customer J. Simmons; $4,100 to customer A. Jones; and $1,300 to customer J. Williams. Which journal entry is needed to record this sales transaction?

---

Definitions:

Vertebral Arteries

Arteries that arise from the subclavian arteries and supply blood to the brainstem and posterior parts of the brain.

Left Subclavian Artery

Specifically the subclavian artery that supplies blood to the left arm and side of the brain and thorax, originating from the aortic arch.

Left Forearm

The lower part of the left arm extending from the elbow to the wrist.

Anastomosis

The surgical connection between two structures, typically blood vessels or other tubular organs.