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?

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Definitions:

Record Selector

A tool in database and spreadsheet software that allows users to select or highlight individual or multiple rows of data.

CTRL+DELETE

A keyboard shortcut that typically deletes the word immediately after the cursor or the selected text block.

CTRL+Y

A keyboard shortcut commonly used to redo the last action or command that was undone.

External Data

External Data refers to information that is stored outside of the current application or database, which can be imported or linked for use in reports, queries, or processing.