<●00> and found that she was selling more items, an CO
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:LEARNING OBJECTIVE: Determine benefits of using subsidiary ledgers for sales and
purchases.
Sally owns a clothing company and found that she was selling more items, and a
greater variety of items, to repeat customers. Sally's CPA advised her to create a set
of accounts to separately track what each of her customers bought from her.
To track her customers' purchases, Sally should set up and use a(n).
(4
a.) sales subsidiary ledger
b.) merchandising account
c.) purchases subsidiary ledger
d.) inventory account
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