describe each transaction and identify the source of each posting 551358

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.

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NAME

Casey By Design

ADDRESS

1319 Elm Street

Date

Item

Post Ref.

Debit

Credit

Balance

2012

Feb. 3

R44

740

740

6

J11

80

660

16

CR81

660

—

Describe each transaction and identify the source of each posting.

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