A Business Maintains Subsidiary Accounts for Each of Its Customers

question 38

Multiple Choice

A business maintains subsidiary accounts for each of its customers.On May 15,the business provides services on account: $2400 to customer J.Anthony ;$4300 to customer A.Martin;and $1800 to customer S.Lee.Which journal entry is needed to record these transactions?

---

Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.