A customer account in the accounts receivable subsidiary ledger of Leger Old Company follows Describe the three posted transactions JOSH WILLOW Balance Date Post Ref Credit Debit Credit Debit Nov 1 400 5 5 1,180 1,580 J 8 18 190 1,390 30 CR 9 700 690...

Date Description Nov 9 From the sales journal Leger Old Company recorde ...

A customer account in the accounts receivable subsidiary ledger of Leger Old Company follows: Describe the three

Question:

A customer account in the subsidiary ledger of Leger Old Company follows:

JOSH WILLOW Balance Date Post. Ref. Credit Debit Credit Debit Nov. 1 400 5.5 1,180 1,580 J.8 18 190 1,390 30 CR.9 700 69

Describe the three posted transactions.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...