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Prepare Journal Entries in a Revenue Journal Horizon Consulting Company had the following transactions during...

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Accounting

Prepare Journal Entries in a Revenue Journal

Horizon Consulting Company had the following transactions during the month of October:

Oct. 2. Issued Invoice No. 321 to Pryor Corp. for services rendered on account, $280.
Oct. 3. Issued Invoice No. 322 to Armor Inc. for services rendered on account, $390.
Oct. 14. Issued Invoice No. 323 to Pryor Corp. for services rendered on account, $140.
Oct. 24. Issued Invoice No. 324 to Rose Co. for services rendered on account, $590.
Oct. 29. Collected Invoice No. 321 from Pryor Corp.

a. Record the October revenue transactions for Horizon Consulting Company in the following revenue journal format:

REVENUE JOURNAL
DATE Invoice No. Account Debited Post. Ref. Accounts Rec. Dr. Fees Earned Cr.
Oct. 2
Oct. 3
Oct. 14
Oct. 24
Oct. 31

b. What is the total amount posted to the accounts receivable and fees earned accounts from the revenue journal for October?

Accounts receivable $
Fees earned $

c. What is the October 31 balance of the Pryor Corp. customer account assuming a zero balance on October 1? $

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