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Given the Following Unidentified Journal, Write an Explanation for Each                             Debits                                                              Credits ~~~~~~~~~~~~~~~~~~~~~~~~~~~{ \text { Debits } } ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ { \text { Credits } }

Question 96

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Given the following unidentified journal, write an explanation for each transaction.                             Debits                                                              Credits ~~~~~~~~~~~~~~~~~~~~~~~~~~~{ \text { Debits } } ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ { \text { Credits } }
 Date  Cash  Sales  Dis.  Acc.  Rec.  Sales  Rev.  Other Acct.  Amount  CGS Dr.  Inv. Cr.  Aug. 8 3,0003,0001,250102,500 Ruff, Capital 2,50015340340 Lucille Adams 2749010500 Marshall Field 316,33010 840  3,000  Totals 2,5001,250\begin{array} { | c | r | r | r | r | r | r | r | } \hline \text { Date } & \text { Cash } & \begin{array} { c } \text { Sales } \\\text { Dis. }\end{array} & \begin{array} { c } \text { Acc. } \\\text { Rec. }\end{array} & \begin{array} { c } \text { Sales } \\\text { Rev. }\end{array} & \text { Other Acct. } & \text { Amount } & \begin{array} { l } \text { CGS Dr. } \\\text { Inv. Cr. }\end{array} \\\hline \text { Aug. 8 } & 3,000 & & & 3,000 & & & 1,250 \\\hline 10 & 2,500 & & & & \text { Ruff, Capital } & 2,500 & \\\hline 15 & 340 & & 340 & & \text { Lucille Adams } & & \\\hline 27 & 490 & 10 & 500 & & \text { Marshall Field } & & \\\hline 31 & \underline { 6,330 } & \underline { 10 } & \text { 840 } & \text { 3,000 } & \text { Totals } & \underline { 2,500 } & \underline { 1,250 } \\\hline\end{array}

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Aug. 8 Sold merchandise with a cost of $...

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