Lasting Summer Inc. has $2,510 in the October 1 balance of the accounts receivable account consisting of $1,060 from Champion Co. and $1,450 from Wayfarer Co. Transactions related to revenue and cash receipts completed by Lasting Summer Inc. during the month of October 2016 are as follows:

Oct. 3. Issued Invoice No. 622 for services provided to Palace Corp.................. $2,890

5. Received cash from Champion Co., on account, for .................................. $1,060

8. Issued Invoice No. 623 for services provided to Sunny Style Inc................... $1,940

12. Received cash from Wayfarer Co., on account, for................................... $1,450

18. Issued Invoice No. 624 for services provided to Amex Services In c.............. $2,970

23. Received cash from Palace Corp. for Invoice No. 622 of October 3.

28. Issued Invoice No. 625 to Wayfarer Co., on account, for............................. $900

30. Received cash from Rogers Co. for services provided................................. $120

a. Prepare a single-column revenue journal and a cash receipts journal to record these transactions. Use the following column headings for the cash receipts journal: Fees Earned Cr., Accounts Receivable Cr., and Cash Dr. Place a check mark (✔) in the Post. Ref. column to indicate when the accounts receivable subsidiary ledger should be posted.

b. Prepare a listing of the accounts receivable customer balances and verify that the total of the accounts receivable customer balances equals the balance of the accounts receivable controlling account on October 31, 2016.

c. Why does Lasting Summer Inc. use a subsidiary ledger for accounts receivable?