One of the customer accounts from the accounts receivable ledger for Toulouse Company is shown below. Explain each of the entries that have been posted to this customer's subsidiary ledger account. 
Definitions:
Product Costs
All costs incurred to acquire or manufacture a product, including direct materials, direct labor, and manufacturing overhead.
Financial Statements
Reports that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.
Balance Sheet
An account showing the assets, liabilities, and equity of shareholders of a firm on a specific date.
Revenue
The total amount of money received by a company for goods sold or services provided during a certain time period.
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