Hello,

Please, note I have done pa ot but I will need some help with the ones in red.

Revenue Journal and Cash Receipts Journals; Accounts Receivable subsidiary and General Ledgers

Transactions related to revenue and cash receipts completed by Aspen Architects Co. during the period June 230, 2014, are as follows:

June 2.		Issued Invoice No. 793 to Nickle Co., $5,690.
June 5.		Received cash from Mendez Co. for the balance owed on its account.
June 6.		Issued Invoice No. 794 to Preston Co., $2,050.
June 13.		Issued Invoice No. 795 to Shilo Co., $3,050.
		Post revenue and collections to the accounts receivable subsidiary ledger.
June 15.		Received cash from Preston Co. for the balance owed on June 1.
June 16.		Issued Invoice No. 796 to Preston Co., $6,370. Post revenue and collections to the accounts receivable subsidiary ledger.
June 19.		Received cash from Nickle Co. for the balance due on invoice of June 2.
June 20.		Received cash from Preston Co. for invoice of June 6.
June 22.		Issued Invoice No. 797 to Mendez Co., $8,390.
June 25.		Received $2,320 note receivable in partial settlement of the balance due on the Shilo Co. account.
June 30.		Recorded cash fees earned, $14,320. Post revenue and collections to the accounts receivable subsidiary ledger.

Required:

1. Insert the following balances in the general ledger as of June 1:

11	Cash	$12,740
12	Accounts Receivable	15,520
14	Notes Receivable	6,750
41	Fees Earned	-

After completing the recording of the transactions in the journals in part 3, total each of the columns of the special journals, and post the individual entries and totals to the general ledger. Insert account balances after the last posting. When posting to the general ledger, post in chronological order. However, if there is more than one entry on the same date, be sure to post transactions from the revenue journal before posting transactions from the cash receipts journal.If an amount box does not require an entry, leave it blank

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2. Insert the following balances in the accounts receivable subsidiary ledger as of June 1:

Mendez Co.	$8,920
Nickle Co.	-
Preston Co.	6,600
Shilo Co.	-

After completing the recording of the transactions in the journals in part 3, post to the accounts receivable subsidiary ledger in chronological order, and insert the balances at the points indicated in the narrative of transactions. Determine the balance in the customer's account before recording a cash receipt. If an amount box does not require an entry, leave it blank.

3. Prepare a single-column revenue journal (p. 40) and a cash receipts journal (p. 36). Use the following column headings for the cash receipts journal: Fees Earned Cr., Accounts Receivable Cr., and Cash Dr. The Fees Earned column is used to record cash fees.

4. Using the two special journals and the two-column general journal (p. 1), journalize the transactions in chronological order for June. Post to the accounts receivable subsidiary ledger (in part 2), and insert the balances at the points indicated in the narrative of transactions. Determine the balance in the customer's account before recording a cash receipt.

5. Total each of the columns of the special journals, and post the individual entries and totals to the general ledger (in part 1). Insert account balances after the last posting.

If an amount box does not require an entry, leave it blank.

Post. Date Item Ref. Account: Cash 11 2014 June 1 Balance cr36 June 30 Account: Accounts Receivable 12 2014 June 1 Balance J1 June 25 R40 June 30 June 30 Account: Notes Receivable 14 2014 June 1 Balance J1 June 25 Account Fees Earned 41 2014 R40 June 30 CR36 June 30 GENERAL LEDGER Debit Credit 37,580 2,320 730 14,320 Balance Dr. 12,740 50,320 15,520 13200 6,750 V 7480 Balance Cr