The debits and credits from two transactions are presented in the following customer account:

NAME New Generation Products Inc.

ADDRESS 46 W. Elm St.

 

 

Post.

 

 

 

Date

Item

Ref.

Debit

Credit

Balance

Jan.

1

Balance

?

 

 

1,450

 

10

Invoice 345

R45

895

 

2,345

 

19

Invoice 329

CR78

 

1,080

1,265

Describe each transaction and the source of each posting.