PE 5-2A Accounts receivable subsidiary ledger

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

NAME Horizon Entertainment
ADDRESS 125 Wycoff Ave.
Date Item
Post.  
Ref. Debit Credit Balance
Feb.   1 Balance ✓280
22 Invoice No. 422 CR106120 160
27 Invoice No. 445 R92 170330

Describe each transaction and the source of each posting.


Answers:
Feb. 
22. Collected cash of $120 from Horizon Entertainment (Invoice No. 422). Amount posted from Page 106 of the cash receipts journal.


27. Provided $170 of services on account to Horizon Entertainment, itemized on Invoice No. 445. Amount posted from Page 92 of the revenue journal.