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. Apr. 5. Issued Invoice No. 793 to Ohr Co., $5,990. Received cash from Mendez Co. for the balance owed on its account. Issued Invoice No. 794 to Pinecrest Co., $2,160. Apr. 6. Apr. 13. Issued Invoice No. 795 to Shilo Co., $3,210. Post revenue and collections to the accounts receivable subsidiary ledger. Received cash from Pinecrest Co. for the balance owed on April 1. Apr. 15. Apr. 16. Apr. 19. Apr. 20. Issued Invoice No. 796 to Pinecrest Co., $6,710. Post revenue and collections to the accounts receivable subsidiary ledger. Received cash from Ohr Co. for the balance due on invoice of April 2. Received cash from Pinecrest Co. for balance due on invoice of April 6. Issued Invoice No. 797 to Mendez Co., $8,840. Received $2,440 note receivable in partial settlement of the balance due on the Shilo Co. account. Received cash from fees earned, $15,080. Post revenue and collections to the accounts receivable subsidiary ledger. Apr. 22. Apr. 25 Apr. 30. Required: 1. Insert the following balances in the general ledger as of April 1: 11 Cash $13,420 16,340 12 Accounts Receivable 14 Notes Receivable 7,110 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 posting. 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 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. REF. is simply J1, CR36, and R40. 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. REF. is simply J1, CR36, and R40. GENERAL LEDGER Date Item Post. Ref. Debit Credit Balance Dr. Balance Cr. Account: Cash # 11 Apr. 1 Balance V Apr. 30 Account: Accounts Receivable # 12 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. $9,390 Ohr Co. Pinecrest Co. 6,950 Shilo Co. After completing the recording of the transactions in the journals in part 3, post to the accounts receivable subsidiary ledger in chronological order, and insert the balances at the points indicated in the narrative 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, 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. REF. is simply J1, CR36, and R40. ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Date Item Post. Ref. Debit Credit Balance Account: Mendez Co. Apr. 1 Balance Account: Ohr Co. Account: Pinecrest Co. Apr. 1 Balance Account: Shilo Co. 3. Prepare a single-column revenue journal (p. 40) and a cash receipts journal (p. 36). Use the following column headings for the cash receipts journal: Fees Earned Cr., Accounts Receivable Cr., and Cash Dr. The Fees Earned column is used to record cash fees. 4. Using the two special journals and the two-column general journal (p. 1), journalize the transactions for April. Post to the accounts receivable subsidiary ledger, and insert the balances at the points indicated in the narrative of transactions. Determine the balance in the customer's account before recording a cash receipt. 5. 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 posting. If an amount box does not require an entry, leave it blank. REVENUE JOURNAL PAGE 40 Date Invoice No. Accounts Rec. Dr. Account Debited Post. Ref. Fees Earned Cr. PAGE 36 CASH RECEIPTS JOURNAL Post. Fees Earned Account Credited Ref. Cr Date Accts. Rec. Cr. Cash Dr JOURNAL PAGE 1 Debit Date Description Post. Ref. Credit