On November 10, JumpStart Co. provides $2,010 in services to clients. At the time of service, the clients paid $650 in cash and put the balance on account.

Required:

a.	Journalize this event.*
b.	On November 20, JumpStart Co. clients paid an additional $530 on their accounts due. Journalize this event.*
c.	Calculate the accounts receivable balance on November 30.
	*Refer to the Chart of Accounts for exact wording of account titles.

Chart of Accounts

CHART OF ACCOUNTS

JumpStart Co.

General Ledger

	ASSETS
11	Cash
12	Accounts Receivable
13	Office Supplies
14	Prepaid Insurance
15	Land
16	Office Equipment
17	Building
18	Truck

	LIABILITIES
21	Accounts Payable
22	Unearned Revenue
23	Notes Payable

	EQUITY
31	Common Stock
32	Retained Earnings
33	Dividends

	REVENUE
41	Fees Earned

	EXPENSES
51	Wages Expense
53	Rent Expense
54	Utilities Expense
55	Maintenance Expense
59	Miscellaneous Expense

General Journal

a. On November 10, JumpStart Co. provides $2,010 in services to clients. At the time of service, the clients paid $650 in cash and put the balance on account. Journalize this event. Refer to the Chart of Accounts for exact wording of account titles.

PAGE 1

JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
1
2
3

b. On November 20, JumpStart Co. clients paid an additional $530 on their accounts due. Journalize this event. Refer to the Chart of Accounts for exact wording of account titles.

PAGE 1

JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
1
2

Final Question

c. Calculate the accounts receivable balance on November 30.

Accounts receivable balance