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ebook Show to Haw Calculston 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., $4,950. Apr. 5. Received cash from Mendez Co. for the balance owed on its account. Apr. 6. Issued Invoice No. 794 to Pinecrest Co., $1,780. Apr. 13. Issued Invoice No. 795 to Shilo Co., 52,660. Post revenue and collections to the accounts receivable subsidiary Rediger. Apr. 15. Received cash from Pinecrest Co. for the balance owed on April 1. Apr. 16. Issued Invoice No. 796 to Pinecrest Co., $5,550. Post revenue and collections to the accounts receivable subsidiary ledger Apr. 19. 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. Apr. 25. Apr. 30. Issued Invoice No. 797 to Mendez Co., 57,310. Received $2,020 note receivable in partial settlement of the balance due on the Shilo Co. account Received cash from fees earned, 512,470. Post revenue and collections to the accounts receivable subsidiary ledger Required: 1. Insert the following balances in the general ledger as of April 1: ", Cash Receipts begin with "CR" and Cash Receipts begins with "R". For example journal Cash Receipts/ Cash Receipts, page 1/36/40 respectively, POST. REF. is simply 11, CR36, and R40. GENERAL LEDGER Post Date Debit Credit Balance Dr. Balance Cr. Account Cash 11 (Apr 1 Balanc Check My Work more Check My Work uses remaining Check My Work 3 more Check My Work uses remaining . 11:24 Cake 2. Insert the following balances in the accounts receivable subsidiary ledger as of April 1: Mendez Co. $8,030 Ohr Co. Pinecrest Co. 5,940 Shile 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. If on amount box does not require an entry, leave it blank. In CNOW, Journal pages begin with "y", Cash Receipts begin with "CR" and Cash Receipts begins with "R". For example journal Cash Receipts/ Cash Receipts, page 1/36/40 respectively. POST. REF. is simply 11, CR36, and R40 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Date Item Post. Ref. Debit Credit Balance Account: Mendez Co. (Apr. 1 Balance Account: Ohr Co. Check My Won 3 more Check y Work uses remaining Previous Next > eBook Shoe Cain 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 Earned Cr., Accounts Receivable Cr., and Cash Dr. The Fees Eamed column is used to record cash fees. 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. Fees Earned Cr. Date Invoice No Account Debited Post. Ref. Check My Work 3 more Check My Work uses remaining eBook Show leo Cakult JOURNAL PAGE 1 Date Description Post. Ref. Debit Credit Check My Work 3 more Check My Work uses remaining

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