The above is a sales returns journal for June. What amount is posted to the debit side of the sales returns account in the general ledger at the end of the ...
Question 1 Report
The above is a sales returns journal for June. What amount is posted to the debit side of the sales returns account in the general ledger at the end of the month?
Answer Details
The correct answer is $1 600.
At the end of the month, the total of the sales returns journal is posted to the debit side of the sales returns account in the general ledger. The total shown at the bottom of the journal is $380 + $520 + $270 + $430 = $1 600. This full total is debited to sales returns, while the individual amounts are credited to each customer's account in the sales ledger.
$1 170, $900, and $1 380 are partial sums that do not include all four entries from the journal.
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