$1,533
$4,000
$4,600
Question 13. Question :
customer would result in:
A credit sale of $2,500 to a
A debit to the Accounts Receivable
account in the general ledger and a debit to the customer's
account in the accounts receivable ledger
A credit to the Accounts Receivable
account in the general ledger and a credit to the customer's
account in the accounts receivable ledger
A debit to the Accounts Receivable
account in the general ledger and a credit to the customer's
account in the accounts receivable ledger
A credit to the Accounts Receivable
account in the general ledger and a debit to the customer's
account in the accounts receivable ledger
A credit to Sales and a credit to the
customer's account in the accounts receivable ledger
Question 14. Question :
Amortization:
Is the systematic allocation of the cost
of an intangible asset to expense over its estimated useful life