EX 5-5 Identify transactions in accounts receivable ledger
The debits and credits from three related transactions are presented in the following customer’s account taken from the accounts receivable subsidiary ledger.
|
NAME |
Casey By Design |
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|
ADDRESS |
1319 Elm Street |
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|
Date |
Item |
Post Ref. |
Debit |
Credit |
Balance |
|
2012 |
|||||
|
Feb. 3 |
R44 |
740 |
740 |
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|
6 |
J11 |
80 |
660 |
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|
16 |
CR81 |
660 |
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Describe each transaction and identify the source of each posting.