Revenue and cash receipts fournals; occounts receivable subsidiary and general jedgers Transactions retated to revenue and cash recelpts completed by Crowne Business Services Co, during the period April 2 -30 are as follows: Apt. 2. Issued Invoice No, 793 to Otir Co., $5,300. Apt. 5. Received casti from Mehdez Co. for the balance owed on its account: Apt. 6. issued Invoice No. 794 to Pinecrest Co, $1,910. Apr: 13. Issued Invoce No. 795 to Snilo Co. 52,850. Post revinue and collections to the accounts recervable subsidiary ledger. Apr: 15: Recerved cash from Pinecrest Co, for the baiance owed on April 2. Apt 16. Issued Inwoice No. 796 to Pinectost Co, 55,950. Post revenue and collections to the eccounts receivable subsidiary lodger. Apr. 19. Recoived cash from ohr Co. for the balance due on inveice of Aprit 2. Apr, 20. Recerved cash from Pinecrest Co, for balance due on inwaice of April 6 Apr. 22. Issued Invoice No, 797 to Mendez Co, 57,830 . Apr: 25: Received \$2, 160 note receivoble in partial settiement of the balance doe on the shos Co. account. Apr, 30. Receryed cash from fees earned, 513,360 Post revenue and collections to the accounts recervable sussidary ledger: Required: 3. Propare a single-column revenue journal (p,4Q) and a cash recelpts journal (p.36). Use the following column headings for the cash receipts journal: Fees Earned Cr, Accounts Receivable Cr, and Cash DC. The Fees Earned column is used to record cosh fees. 4. Using the two special journals and the two-column generai journol (p. 1), journalize the transactions for April, Post to the accounts recelvable subsidiary ledger, and insert the balences at the points indicated in the narrative of transections. Dotermine the balance in the customer's account before racording a cash receipt. 5. Total each of the columns of the special joumals and post the individual entries and totals to the generat ledger. Insert eccounk bolances atter the last posting. Account: Accounts Recelvable #12 2. Insert the following balances in the accounts receivable subsidiary iedger as of Aprif 1 : Mendez Co. 58,230 6. What is the sum of the customer balances? Does the sum of the customer balances agree with the accounts receivoble controling acrount in the general ledger? 7. Would an outomoted system omit postings to a controlin hoccount as performed in part (5) for Accounts Receivabie? Account: Pinecrest Co. 3. Prepare a single-column revenue journal (p. 40) and o cost receipts journal (p. 36). Use the following column headings for the cash receipts journai: Fees Earned Cr, Accounts Receivable Cr, and Cosh Dr. The Fees Earned column is used to pecord cosh fees. 2. Insert the following bolances in the accounts receivable subsidiary ledger as of Aprill 1: After completing the recording of the transactions in the journais in part 3, post to the accounts recelvable subsidiary leoger in chronological arder, and insert the baiances at the points indicated in the narrotive 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: In CNOW, Joumal pages begin with ")"; Cash Receipts begin with "CR" and Revenue Journal begins with "R", For example Journal/ Cosh Receipts/ Revenue Joumal, page 1/36/40 respectively, POST, REF, is simply 31 , CR36, and R40. 1. Insert the following balances in the general ledger as of Apral it: Arter completing the recording of the transoctons in the jourbals in part 3, total each of the coivmas of the special journais, and post the individual entrites and totals to the general ledgec insert account balances after the last posting. When posting to the general ledger, post in chronaiogical order, Hawever, if there is more than one entry on the same date, be sure to post transactions from the revenue foumal before posting tranisactions from the cash receipts journaL