140.Two transactions were posted to the following supplier’s (creditor’s) account:
NAME:Banner Computer Services, Inc.Address: 890 Novice Lane
DateItemPost. Ref.DebitCreditBalance
July 1Balance√5,645
19Invoice 45P161,7557,400
26Invoice 39CP363,5003,900
Describe each transaction and the source of each posting.
141.The following cash receipts journal headings have been suggested for Tower Tree-Trimming Service Company.What problems do you see with these headings?
DateAccountCreditedPost.Ref.Fees EarnedCr.AccountsReceivable Cr.CashCr.Other AccountsDr.
142.Two transactions were posted to the following supplier’s (creditor’s) account:
NAME:Xample, Inc.Address: 567 Harrison Blvd.
DateItemPost. Ref.DebitCreditBalance
Nov. 1Balance√125
9Invoice 564CP455570
18Invoice 574P2875145
Describe each transaction and the source of each posting.