Question

Members of the bond sold juice and popcorn at a college football game. How would they primarily record their sales?

A) Income statement
B) Cash flow statement
C) Balance sheet
D) Sales ledger

Answer 1

The members of the bond would primarily record their sales in the Sales Ledger to track their revenue and monitor their fundraising efforts.

Step-by-step explanation:

The sales of juice and popcorn at a college football game would primarily be recorded in the Sales Ledger. The Sales Ledger is a subsidiary ledger that records all sales transactions made by a business. It includes details such as the date of sale, the customer's name, the items sold, and the amount of the sale. By recording the sales in the Sales Ledger, the members of the bond can track their revenue and monitor the performance of their fundraising efforts.