A record showing the activity and the balances owed by each customer is called the A. general ledger. B. sales journal. C. cash receipts journal. D. accounts receivable subsidiary ledger.
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D. Accounts receivable subsidiary ledger.
An accounts receivable subsidiary ledger is a detailed record that maintains individual customer accounts, showing transactions and balances owed by each customer. It provides a breakdown of accounts receivable by customer, allowing for easier tracking and management of individual customer balances within the broader accounts receivable account.