A Business Maintains Subsidiary Accounts for Each of Its Customers

question 166

Multiple Choice

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?

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Definitions:

Parasympathetic

Relating to the part of the autonomic nervous system that conserves energy as it slows the heart rate, increases intestinal and gland activity, and relaxes sphincter muscles.

Sympathetic

Pertaining to the part of the autonomic nervous system that typically prepares the body for intense physical activity.

Parasympathetic

The part of the autonomic nervous system responsible for conserving energy as it slows the heart rate, increases intestinal and gland activity, and relaxes sphincter muscles in the gastrointestinal tract.

Sympathetic

Pertaining to the part of the autonomic nervous system that prepares the body for action and stress responses.