This image displays an Accounts Receivable Ledger, which is a subsidiary ledger that records the credit sales and cash receipts for each customer. It provides a detailed breakdown of how much each c

• The top section identifies the Customer (e.g., Fred Milson) with their contact information, customer number, and payment terms.
• The Date column shows when a transaction occurred.
• The Item column describes the transaction (e.g., "BILL" for an invoice, "CR01" for a cash receipt).
• The Folio column provides a reference to the original source document (e.g., invoice number S101).
• The Debit column records increases in the amount owed by the customer (e.g., a sale on credit).
• The Credit column records decreases in the amount owed by the customer (e.g., a payment received).
• The Dr./Cr. column indicates whether the current balance is a debit (Dr.) or credit (Cr.). Accounts Receivable typically has a debit balance.
• The Balance column shows the running total of the amount the customer owes.

For example, for Fred Milson:

• On Jan 17, a bill (S101) for \1,449.99$was debited, increasing the balance to$$1,449.99$ (Dr.).
• On Jan 30, a cash receipt (CR01) for \1,449.99$was credited, reducing the balance to$$0.00$.