Shown below is a page from a special journal. Date May 27 Tony Karr Notes Receivable 28 Account Credited 29 Interest Revenue 31 Jim Borke Ref. V 113 416 V Cash Dr. 1,960 5,480 425 500 8,365 (101) Sales Discounts Dr. (414) 40 40 Accounts Receivable Cr. 2,000 500 2,500 (112) Sales Revenue Cr. 425 425 (401) Other Accounts Cr. 5,000 (X) 480 5,480 Cost of Goods Sold Dr. Inventory Cr. 250 250 (505)(120)

Shown below is a page from a special journat. Give an explanation for each of the transactions in this journal. Explain the following: (a) the numbers under the bottom lines. (b) the checks entered into the Post Ret column (c) the numbers 113 and 416 in the Post. Ret. colume. (d) the (x) below the Other Accounts column