Based on the data presented in Exercise 5-1, 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.

a. Set up a T account for Accounts Receivable and T accounts for the four accounts needed in the customer ledger.

b. Post to the T accounts.

c. Determine the balance in the accounts.

d. Prepare a listing of the accounts receivable customer balances as of May 31, 20Y3.

Data from Exercise 5-1

Using the following revenue journal for Westside Cleaners Inc., identify each of the posting references, indicated by a letter, as representing (1) posting to general ledger accounts or (2) posting to subsidiary ledger accounts:

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REVENUE JOURNAL Invoice No. Post. Ref. Accounts Rec. Dr. Fees Earned Cr. Date Account Debited 20Y3 May 1 112 Hazmat Safety Co. 113 Masco Co. (a) $ 3,740 10 Alpha GenCorp (b) 20 114 1,790 27 115 Jordan Inc. 5,110 31 (d) 2,260 $12,900 (e)