PE 5-2A Accounts receivable subsidiary ledger

The debits and credits from two transactions are presented in the following customer
account:
NAME Signal Communications Inc.
ADDRESS 76 Oak Ridge Rd.
                                  Post.
 Date     Item              Ref.          Debit         Credit          Balance
June 1  Balance                                                                   280
      20  Invoice 579    CR106                            95                185
      28 Invoice 527       R92            75                                260

Describe each transaction and the source of each posting.

Answer:
June 20. Collected cash of $95 from Signal Communications Inc. (Invoice No.
               579). Amount posted from page 106 of the cash receipts journal.
        28. Provided $75 of services on account to Signal Communications Inc.,
               itemized on Invoice No. 527. Amount posted from page 92 of the revenue journal.