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eBook 14. Show Me How Revenue and Cash Receipts Journals; Accounts Receivable subsidiary and General Ledgers Transactions related to revenue and cash receipts completed by Sterling Engineering Services during the period June 2-30 are as follows: June 2. Issued Invoice No. 717 to Yee Co., $1,430. 3. Received cash from Auto-Flex Co. for the balance owed on its account. 7. Issued Invoice No. 718 to Cooper Development Co., $670, 10. Issued Invoice No. 719 to Ridge Communities, $2,840. Post revenue and collections to the accounts receivable subsidiary ledger. Cooper Development Co. for the balance owed on June 1. 16. Issued Invoice No. 720 to Cooper Development Co., $400. Received cash Post revenue and collections to the accounts receivable subsidiary ledger. 18. Received cash from Yee Co. for the balance due on invoice of June 2 *20. Received cash from Cooper Development Co, for invoice of June 7. 23. Issued Invoice No. 721 to Auto-Flex Co., $860. 30 Received cash from fees earned, $4,520. 30. Received office equipment of $1,800 in partial settlement of balance due on the Ridgel Commonities account. Post revenue and collections to the accounts receivable subsidiary ledger. Deguises Print Itern
1. Insert the following balances in the general ledger as of June 1: 11 Cash 12 Accounts Receivable 18 Office Equipment 41 Fees Earned $18,340 2,650 34,700 After completing the recording of transactions in parts 3 and 4, post the individual entries and totals to the general ledger. Insert account balances after the last posting. When posting to the general ledger, post in chronological order. However, if there is more than one entry on the same date, be sure to post transactions from the general Journal first, then from the revenue journal before posting transactions from the cash receipts journal. If an amount box does not require an entry, leave it blank.
Date Account: Cash #11 June 1 June 30 Item Balance Account: Accounts Receivable #12 June 1 Account: Fees Earned #41 Account: Office Equipment #18 June 1 Balance Balance Post. Ref. Debit 0 00 00 00 Credit Balance Dr. Balance Cr.
Show Me How Print Item 2. Insert the following balances in the accounts receivable suostorary Teager as of June 1 Auto-Flex Co. Coopér Development Co. Ridge Communities Yee Co. Date After completing the recording of the transactions in the journals in part 3, post to the accounts receivable subsidiary ledger, in chronol insert the balances at the points indicated in the narrative of transactions. Determine the balance in the customer's account before recc receipt. If an amount box does not require an entry, leave it blank. ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Account: Auto-Flex Co. June 1 Item Balance $1,670 Account: Cooper Development Co. June 1 Balance 980 Post. Ref. Debit 000 00 Credit Balance