Accounts Receivable Ledger The Following Revenue Journal Is For Westside Cleaners Inc Assume That The Beginning Balance 1 (34.23 KiB) Viewed 43 times
Accounts Receivable Ledger The Following Revenue Journal Is For Westside Cleaners Inc Assume That The Beginning Balance 2 (33.84 KiB) Viewed 43 times
Accounts Receivable Ledger The following revenue journal is for Westside Cleaners Inc. Assume that the beginning balances for the customer accounts were zero, except for Jordan Inc., which had a $1,080 beginning balance. In addition, there were no collections during the period. REVENUE JOURNAL Post. Invoice No. Accounts Rec. Dr. Fees Earned Cr. Date Ref. 2013 May 11 112 Hazmat Safety Co. (0) 3,740 10 113 Masco Co. (b) 1,790 20 114 Alpha GenCorp (c) 5,110 27 115 Jordan Inc. (d) 2,260 31 12,900 a. The T account for Accounts Receivable and T accounts for the four accounts needed in the customer ledger are below. b. Post to the T accounts. c. Determine the balance in the accounts. Accounts Receivable May 1 Bal. ✓ May 31 ✔ May 31 Bal. Alpha GenCorp May 20-✔ May 31 Bal Hazmat Safety Co. May 1-✔ May 31 Bal Masco Co. May 10-✔ May 31 Bal Jordan Inc. Account Debited
Hazmat Safety Co. Masco Co. Jordan Inc. Check My Work a, b, and c. Remember that the total of all customer accounts should be equal to the Accounts Receivable controlling account. d. Prepare a listing of the accounts receivable customer balances as of May 31, 2013. Westside Cleaners Inc. Accounts Receivable Customer Balances May 31, 2013 Alpha GenCorp Hazmat Safety Co. Masco Co. Jordan Inc. Total accounts receivable. Feedback Check My Work d. Create a listing of all the subsidiary accounts receivable and their respective balances Remember that the listing total should be equal to the Accounts Receivable controlling account. Feedback Max 1-✔ May 31 Bal. May 10-✔ May 31 Bal May 1 Bal V May 27- ✔ May 31 Bal. Feedback Check My Work Partially correct
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