Question: Given the following unidentified journal, write an explanation for each transaction. Debits Credits Sales Acc. Sales COGS Dr Date Cash Dis. Rec. Rev. Other Acct.

Given the following unidentified journal, write an explanation for each transaction.

Debits Credits Sales Acc. Sales COGS Dr Date Cash Dis. Rec. Rev. Other Acct. Amount Inw. Cr 1,250 Aug. 8 3,000 3,000 Ruff, Capital2500 10 2,500 15 340 27 490 10 500 31 6,330 10 840 3,000 Totals 340 Lucille Adams Marshall Field 2,500 1,250

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