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Descriptive question- Following the figure, describe the steps in accounting to show sales to customers...

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Accounting

Descriptive question- Following the figure, describe the steps in accounting to show sales to customers and payment from customers image

Accounts receivable subledger accounts Customer 1 Debit Credit 15,000 5,000 3 Customer 2 Dobit Credit 2 3,000 3,000 a General ledger accounts Accounts receivable reconciliation 110100 Debit Credit Bank 100000 Sales revenue 600000 Debit Credit 5,000 Debit Credit 3 5,000 8,000 8,000 3,000 2 3,000 Sale to customer 1 2 Sale to customer 2 3 Payment from customer 1 Payment from customer 2 Figure 3-16: Accounts receivable accounting

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