137.Explain what subsidiary ledgers are and give examples of three types of subsidiary ledgers that a business mightuse.
138.Two transactions were posted to the following customer account:
NAME: Gen-X Products, Inc.Address: 123 My Way
DateItemPost. Ref.DebitCreditBalance
Mar. 1Balance√1,150
10Invoice 987R459902,140
19Invoice 995CR788251,315
Describe each transaction and the source of each posting.
journal.
139.Two transactions were posted to the following customer account:
NAME:Roswell Communications, Inc.Address: 345 Alien Way
DateItemPost. Ref.DebitCreditBalance
May 1Balance√750
14Invoice 522CR230625125
25Invoice 545R1153,5003,625
Describe each transaction and the source of each posting.