The debits and credits from three related transactions are presented in the following customer’s account taken from the accounts receivable subsidiary ledger.
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NAME Impact Graphic Design ADDRESS 1319 Elm Street |
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Post. |
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Date |
Item |
Ref. |
Debit |
Credit |
Balance |
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2008 |
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Dec. 3 |
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R50 |
680 |
|
680 |
|
9 |
|
J9 |
|
70 |
610 |
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13 |
|
CR38 |
|
610 |
— |
Describe each transaction, and identify the source of each posting.