Question
Record the indicated transactions using the necessary journals and subsidiaries. (Cash Receipts, Revenue Journal and A/R Susidiary Ledger). Offered Villa Tron, Inc. accounting services on
Record the indicated transactions using the necessary journals and subsidiaries. (Cash Receipts, Revenue Journal and A/R Susidiary Ledger). Offered Villa Tron, Inc. accounting services on credit for an amount of $3,000.00, on invoice 001. Offered Villanueva, Inc. accounting services on credit for an amount of $4,000.00, on invoice 002. He received $7,000 in monthly rent payment for building Y. Received payment from Villa Tron Inc. for invoice 001. Received payment from Villanueva Inc. for invoice 002. Received $15,000 owed by client Villa Ponderosa for the month of May posted on invoice 333. He received $10,000 in cash for services rendered during the month of July. Total and underline the special wages. Transfer the information from the special journals to the subsidiaries.
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