Posting a Revenue Journal The revenue journal for Sapling Consulting Inc. follows. The accounts receivable controlling account has a July 1, 2012, balance of $680 consisting of an amount due from Aladdin Co. There were no collections during July. REVENUE JOURNAL Page 12 Accounts Post. Rec. Dr. Ref. Fees Earned Cr. Invoice Account No. Debited Date 2012 July 4 355 Clearmark Co. 1,650 9 356 Life Star Inc. 2,725 18 357 Aladdin Co 1,260 22 359 Clearmark Co. 2,235 31 7,870 The T accounts for the accounts receivable customer accounts are set up below. a&b. Post the transactions from the revenue journal to the customer accounts and determine their ending balances. Aladdin Co July 1 Bal. July 18 31 Bal. Clearmark Co. July 4 July 22 31 Bal. Life Star Inc. July 9 31 Bal. c. Prepare T accounts for the accounts receivable and fees earned accounts. Post control totals to the two accounts, and determine the ending balances. Accounts Receivable July 1 Bal. July 31 31 Bal. Fees Earned July 31 31 Bal. Feedback d. Prepare a schedule of the customer account balances to verify the equality of the sum of the customer account balances and the accounts receivable controlling account balance. Sapling Consulting Inc. Accounts Receivable Customers Balances July 31, 20Y2 Aladdin Co. Clearmark Co. Life Star Inc. Total accounts receivable Feedback e. All of the following are typical of a computerized system EXCEPT: Control totals posted to a controlling account