Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Accounts Receivable Ledger The following revenue journal is for Zeta Services Inc. Assume that the beginning balances for the customer accounts were zero, except for
Accounts Receivable Ledger The following revenue journal is for Zeta Services Inc. Assume that the beginning balances for the customer accounts were zero, except for Sunrise Enterprises, which had a $480 beginning balance. In addition, there were no collections during the period. REVENUE JOURNAL Accounts Rec. Dr. Account Debited Fees Earned or Invoice Post. Rel. Date No. 2016 Mar. 1 112 Hazmat Safety Co. (a) $2,875 Mar. 10 113 Masco Co. (b) 980 Mar. 20 11 (c) 1,700 Eco Systems Sunrise Enterprises Mar 27 115 (d) 1,240 Mar. 30 $6,795 (0) a. The Taccount for Accounts Receivable and Taccounts for the four accounts needed in the customer ledger are below. b. Post to the Taccounts c. Determine the balance in the accounts. Accounts Receivable Mar. 31 Bal. Eco-Systems Mar 31 Bal. Hazmat Safety Co. Mar. 31 Bal. Masco Co. Mar. 31 Bal. Sunrise Enterprises Masco Co. Mar. 31 Bal. Sunrise Enterprises Mar. 31 Bal. d. Prepare a listing of the accounts receivable customer balances as of March 31, 2016. Zeta Services Inc. Accounts Receivable Customer Balances March 31, 2016 Eco-Systems Hazmat Safety Co. Masco Co. Sunrise Enterprises 10 Total accounts receivable
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/6691d5958de25_4296691d595302bc.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/6691d59634108_4296691d595c0aac.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/6691d5970438b_4306691d596974be.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started