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Chapter 5 Application (ex: 05-01algo) SERIOUS NEED OF HELP. Revenue Journal; Accounts Rechable subsidiary and General Ledgers Sage Learning Centers was established on July 20
Chapter 5 Application (ex: 05-01algo)SERIOUS NEED OF HELP.
Revenue Journal; Accounts Rechable subsidiary and General Ledgers Sage Learning Centers was established on July 20 to provide educational services. The services provided during the remainder of the month are as follows: July 21 wued Invoice No. 1 to. Dunlop for 5145 on account July 22 Isvoed Invoice Na 2 to K Tisdale for $625 on account July 24 Issued Invoice No. 3 to T. Quinn for $135 on account. July 25. Provided educational services, 245, K. Tisdale in exchange for educational supplies July 27 twed Invoice No. 4to. Mint for $370 on account July 30 Issued Invoice No 5to.Chase for $330 on account July 30. sed Invoice Neto Tisdale for $260 on account July 31 te Will NO 701 Quinn for 5170 on account Required 1a: Joumare the transactions in chronological order) for July, ung a single column revenue journal if an amount box does not require an entry leave it bank REVENUE JOURNAL PAGE 1 Post Ac Rec Dr Date Invoice No Account Debt Ref. Fees and NA cBook 1b. Journalize (including the date and post the appropriate transaction for July, in the two column general journalf an amount box does not require an entry leave it blank Posting references will be recorded in part 2 JOURNAL PAGE 1 Date Description Post, Rel. Debit Credit Ic. Post to the following customer accounts in the accounts receivable ledger, and insert the balance immediately after recording each entry: D. Chase Dunlop: 1. Mint Quinn, K Tisdale For those boxes in which no entry is required, leave the box blank ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Date Item Post. Rel. Dr. Cr. Hatance Name : Chase Name: Dunlop Name: Mint Name: Quinn Name Tile 2. Post the revenue journal and the general journal to the following accounts in the general ledger, inserting the account balances only after the last postings: 12 Accounts Receivable 13 Supplies 11 Fees Carned For those boxes in which no entry is required, leave the box blank GENERAL LEDGER Balance Dr. Date Dr. Item Post. Rer. Account Accounts Receivable 12 Account supplies 13 Previous Next Check My Work Emal instructor Save and Submit Assignment for Grader Account: Accounts Receivable 12 Account Supplies 13 Account: Fees Earned 41 3a. What is the sum of the balances of the customer accounts in the subsidiary ledger at ly 317 36. What is the balance of the accounts receivable controlling account at uly 1? 1. Assume Sage Learning Centers began using a computerized accounting system to record the sales transaction on August ! All of the following are benefits of the computerized system over the manual system EXCEPT
SERIOUS NEED OF HELP.
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