Question

What accounting book should a merchandising business use to show a payment and transaction history for each customer who bought items

with credit?
When a company has customers who buy units of merchandise on credit, its accountant will post entries in the ____

Answer 1

Answer: accounts receivable subsidiary ledger

Explanation:Specialized journals are useful when posting entries for frequent business transactions. For example, a cash receipt journal captures cash transactions. This is different from an accounts receivable subsidiary ledger, which shows a payment and transaction history for each customer who bought items with credit

Answer 2

Accounts receivable subsidiary ledger.

Step-by-step explanation: