The debits and credits from three related transactions are presented in the following customer’s account

The debits and credits from three related transactions are presented in the following customer’s account taken from the accounts receivable subsidiary ledger:



NAME Mission Design
ADDRESS 1319 Elm Street
Date Item
Post.
Ref. Debit Credit Balance
2014
Apr. 3 R44 740 740
6 J11 60 680
24 CR81 680 —



Describe each transaction, and identify the source of each posting.


Answer:
Apr.
3. Provided service on account; posted from revenue journal page 44.
6. Granted an invoice adjustment or corrected an error related to sale of April 3; posted from general journal page 11. This does not represent a collection of cash, since the credit was not posted from the cash receipts journal.
24. Received cash for balance due; posted from cash receipts journal page 81.