Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during the period April 2-30 are as follows: Apr. 2. Issued Invoice No. 793 to Ohr Co., $4,680. Apr. 5. Recelved cash from Mendez Co. for the balance owed on its account. Apr. 6. Issued Invoice No. 794 to Pinecrest Co., $1,990. Apr. 13. Issued Invoice No. 795 to Shilo Co., $3,450. Post revenue and collections to the accounts receivable subsidiary ledger. Apr. 15. Received cash from Pinecrest Co. for the balance owed on April 1. Apr. 16. Issued Invoice No. 796 to Pinecrest Co., $5,500. Post revenue and collections to the accounts receivable subsidiary ledger, Apr. 19. Received cash from Ohr Co. for the balance due on Invoice of April 2. Apr. 20. Received cash from Pinecrest Co, for balance due on Invoice of April 6. Apr. 22 Issued Invoice No. 797 to Mendez Co., $7,470. Apr. 25. Apr 30. Received $3,200 note receivable in partial settlement of the balance due on the Shilo Co. account. Received cash from fees earned, $12,890. Post revenue and collections to the accounts receivable subsidiary ledger. Required: 1. Insert the following balances in the general ledger as of April 1: 11 Cash $11.350 12 Accounts Receivable 14,830 14 Notes Receivable 6,000 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 postino. 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 eBook Show Me How Calculator 1. Insert the following balances in the general ledger as of April 1: 11 Cash 12 Accounts Receivable $11,350 14,830 6,000 14 Notes Receivable 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 individual entries and totals to the general ledger, Insert account balances after the last posting. When posting to the general ledger, chronological order. However, if there is more than one entry on the same date, be sure to post transactions from the revenue journal posting transactions from the cash receipts Journal. If an amount box does not require an entry, leave it blank. In CNOW, Journal pages begin with "", Cash Receipts begin with "CR" and Revenue Journal begins with "R". For example journal/ Cash Receipts/ Revenue Journal, page 1/36/40 respectively. POST. RER is simpl- CR36, and R40. GENERAL LEDGER Date Item Post. Rel. Debit Credit Balance Dr. Balance Cr. Account: Cash #11 (Apr Balance Account Accounts Receivable 12 |Apr ! Balance Previous Check My Work All work saved Submit Assignment for Grad AD10/12 3:10 PM BOOK Show Me How Calculator Apr. 1 Balance Account: Notes Receivable # 14 Apr. 1 Balance Account: Fees Earned 41 2. Insert the following balances in the accounts receivable subsidiary ledger as of April 1: Mendez Co. 38,710 Ohr Co. Pinecrest Co. 6,120 Shilo Co. After completing the recording of the transactions in the journals in part 3. post to the accounts receivable subsidiary ledger, in chronologica order and insert the balances at the points indicated in the narrative of transactions. Determine the balance in the customer's account befor recording a cash receipt If an amount box does not require an entry, leave it blank. In CNOW. Journal pages begin with ")". Cash Receipts begin with "C" and Revenue Journal begins with R. For example journal Cash Receipts/ Revenue Journal, page 1/36/40 respectively. POST. RES is simply 31 CR36, and R40 (previous Check My Wor 10/1
