Final answer:
The correcting entry to correct a sale on account recorded to the wrong customer involves only subsidiary ledger accounts.
Step-by-step explanation:
The correcting entry to correct a sale on account recorded to the wrong customer involves only subsidiary ledger accounts. Subsidiary ledger accounts are used to record detailed information about individual customers or suppliers, while the general ledger provides a summary of all transactions.
In this case, the correcting entry would involve decreasing the accounts receivable balance in the subsidiary ledger for the incorrect customer and increasing the accounts receivable balance in the subsidiary ledger for the correct customer. The sales journal would remain unchanged.
For example, let's say the sale was initially recorded as a $100 credit in the accounts receivable subsidiary ledger for Customer A, but it should have been recorded for Customer B. The correcting entry would involve decreasing Customer A's accounts receivable balance by $100 and increasing Customer B's accounts receivable balance by $100.