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eBook Show Me How Print Item Revenue and cash receipts journals, accounts receivable subsidiary and general ledgers Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during the period April 2-30 are as follows: Apr. 2. Issued Invoice No. 793 to Ohr Co., $4,720, Apr. 5. Received cash from Mendez Co. for the balance owed on its account. Apr. 6. Issued Invoice No. 794 to Pinecrest Co., $1,700. Apr. 13 Issued Invoice No. 795 to Shilo Co., $2,530. Post revenue and collections to the accounts receivable subsidiary ledger. Apr. 15. Received cash from Pinecrest Co. for the balance owed on April 1. Apr. 16 Issued Invoice No. 795 to Pinecrest Co., $5,300. Post revenue and collections to the accounts receivable subsidiary ledger. Received cash from Ohr Co. for the balance due on invoice of April 2. Apr. 20. Received cash from Pinecrest Co. for balance due on invoice of April 6. Apr. 22 Issued Invoice No. 797 to Mendez Co., $6,970. Apr. 25. Received $1,930 note receivable in partial settlement of the balance due on the Shilo Co account. Apr. 30 Received cash from fees earned, $11,900 Post revenue and collections to the accounts receivable subsidiary ledger Required: 1. Insert the following balances in the general ledger as of April 11 Cash 12 Accounts Receivable 14 Notes Receivable Apr. 19 $10,950 13,330 5,800 Previous Next Check My Work 3 more Check My Work uses remaining eBook Show Me How Print Item After completing the recording of the transactions in the journals in part 3, total each of the columns of the special journals, an the general ledger. Insert account balances after the last posting. When posting to the general ledger, post in chronological orde entry on the same date, be sure to post transactions from the revenue Journal before posting transactions from the cash receipt If an amount box does not require an entry, leave it blank. In CNOW, Journal pages begin with ")", Cash Receipts begin with "CR" For example Journal/ Cash Receipts/ Revenue Journal, page 1/36/40 respectively. POST. REF. is simply J1, CR36, and R40. GENERAL LEDGER Date Item Post. Ref. Debit Credit Balance Dr. Balance Cr. Account: Cash # 11 (Apr. 1 Balance Account: Accounts Receivable # 12 Apr. 1 Balance Account: Notes Receivable # 14 Apr. 1 Balance Check My Work 3 more Check My Work uses remaining All work saved Email Instructor Save and Est su Book Show Me How Print Item pr. 1 Balance Account: Fees Earned # 41 2. Insert the following balances in the accounts receivable subsidiary ledger as of April 1: Mendez Co $7,660 Ohr Co. Pinecrest Co. 5,670 Shila Co. After completing the recording of the transactions in the journals in part 3. post to the accounts receivable subsidiary ledger in chronological order, and insert the balances at the points indicated in the narrative of transactions. Determine the balance in the customer's account before recording a cash receipt an amount box does not require an entry, teave it blank. In CNOW, Journal pages begin with 3*, Cash Receipts begin with "CR" and Revonun Journal begins with R. For example Journal Cash Receipts/ Revenue Journal, page 1/36/40 respectively. POST. REF. Is simply 31, CR36, and R40 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Date Item Post. Ref. Debit Credit Balance Account: Mendet Co. Balance Previous Next > Check My Work more Check Wy works remaining All work saved LINCO Save and Sur Agent for any eBook Show Me How Print Item Apr. 1 Balance Account: Ohr Co. Account: Pinecrest Co. Apr. 1 Balance Account: Shilo Co 3. Prepare a single-column revenue journal (p. 40) and a cash receipts journal (p. 36). Use the following column headings for the cash receipts journal Fees Eame Accounts Receivable Cr., and Cash Dr. The Fees Earned column is used to record cash feet. Previous Next Check My Work more Check My Work uses remaining Show Me How Printem 4. Using the two special journals and the two-column general Journal (p. 1), journalize the transactions for April. Post to the accounts receivable subsidiary ledger, and Insert the balances at the points indicated in the narrative of transactions. Determine the balance in the customer's account before recording a cash receipt. 5. Total each of the columns of the special Journals and post the individual entries and totals to the general ledger. Insert account balances after the last posting If an amount box does not require an entry, leave it blank. REVENUE JOURNAL PAGE 40 Accounts Rec. Dr. Account Debited Fees Earned Cr. Date Invoice No. Post. Ref. PAGE 36 CASH RECEIPTS JOURNAL Post Fees Earned Account Credited Ref Cr Date Accts. Rec. CH Cash Dr.

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