The debits and credits from two transactions are presented in the following customer account:NAME Moravian Products Inc.

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



NAME Moravian Products Inc.
ADDRESS 46 W. Main St.
Date Item
Post.
Ref. Debit Credit Balance
Aug. 1 Balance  1,200
10 Invoice 119 R24 750 1,950
17 Invoice 106 CR46 610 1,340


Describe each transaction and the source of each posting


Answer:
Aug. 10. Provided $750 services on account to Moravian Products Inc., itemized
on Invoice No. 119. Amount posted from page 24 of the revenue journal.

17. Collected cash of $610 from Moravian Products Inc. (Invoice No. 106).
Amount posted from page 46 of the cash receipts journal.