The debits and credits from two transactions are presented in the following supplier’s (creditor’s) account:
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NAME Xavier Inc. ADDRESS 5000 Grand Ave. |
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Post. |
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Date |
Item |
Ref. |
Debit |
Credit |
Balance |
|
Dec. 1 |
Balance |
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|
|
78 |
|
9 |
Invoice 456 |
CP55 |
54 |
|
24 |
|
18 |
Invoice 475 |
P89 |
|
94 |
118 |
Describe each transaction and the source of each posting.