Shown below is a page from a special journal.
1. What is the name of this journal?
2. Give an explanation for each of the transactions in this journal.
3. Explain the following:
(a) the numbers under the bottom lines.
(b) the checks entered into the Post. Ref. column.
(c) the numbers 113 and 416 in the Post. Ref. column.
(d) the (x) below the Other Accounts column. 
Definitions:
Comparative Advantage
An economic theory that describes how countries gain from trade by specializing in goods they can produce more efficiently than others.
American Automobile Industry
A sector of the economy focused on the manufacturing, marketing, and sale of motor vehicles in the United States.
Korean Steel Industry
The sector involving the production and manufacturing of steel within South Korea, known for its significant contribution to the global market.
Domestic Steel Industry
The segment of the economy that involves the production and distribution of steel within a specific country.
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