Based on the data presented in Exercise 5-1, assume that the beginning balances for the customer accounts were zero, except for Sunrise Enterprises which had a $480 beginiing balance. In addition there were no collections during the period.

a. set up a T account for accounts reveivable 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 March 31, 2016

e Accounts subsidiary ledger Co. journal Chapter (a) Accounting Systems t 980 Rec. ledge of Cr. Dr. identify to Accounts Fees general $2,875 $6,795 Earned each 1,700 1,240 (c) 5 (l) posting Inc., Post Debited Ref. zeta Co JOURNAL Services accounts: Enterprises REVENUE Safety representing for ledger journal Hazmat Masco Eco-Systems Sunrise revenue as Account receivable revenue by invoice No 112 113 114 115 a from letter, postings the data presented in Exercise 5-1, assume that the beginning balan accounts were zero, except for Sunrise Enterprises, which had a $48 In addition, there were no collections during the period. a T account for Accounts Receivable and T accounts for the fo d in the customer ledger. o the T accounts. mine the balance in the accounts. re a listing of the accounts receivable customer balances as of Marc Identify journals g the use of a two-column (all-purpose) general journal, a revenue j eceipts journal as illustrated in this chapter, indicate the journal in llowing transactions should be recorded: g of drawing account at the end of the year