Revenue and Cash Receipts Journals Lasting Summer Inc. has $2,560 in the October 1 balance of the accounts receivable account consisting of $1,180 from Champion Co. and $1,380 from Wayfarer Co. Transactions related to revenue and cash receipts completed by Lasting Summer Inc. during the month October llows: are Oct. 3. Issued Invoice No. 622 for services provided to Palace Corp., $2,690. Received cash from Champion Co., on account, for $1,180. 5 8 Issued Invoice No. 623 for services provided to Sunny Style Inc., $4,630. Wayfarer Co., on account, for $1,380 12. Received cash Issued Invoice No. 624 for services provided to Amex Services Inc., $3,250. 18. October 3 23. Received cash from Palace Corp. for Invoice No. 622 28. Issued Invoice No. 625 to Wayfarer Co., on account, for $2,740. Received cash from Rogers Co. for services provided, $100 30. record these transactions. Enter transactions in chronological order a. Prepare a single-column revenue journal PAGE 19 REVENUE JOURNAL Accounts Rec. Dr. Account Debited Post. Ref. Fees Earned Cr. DATE Invoice No. 20YS Palace Corp. Oct. 3 Oct. 8 Sunny Style Inc. Oct. 18 Amex Services Inc. Oct. 28 Wayfarer Co. Oct. 31 Total Prepare a cash receipts journal to record these transactions fan amount box does not require an entry, leave it blank. CASH RECEIPTS JOURNAL PAGE 25 Account Credited Post. Ref. Fees Earned Cr. Cash Dr. DATE Accounts Rec. Cr. 20YS Oct. 5 Oct. 12 Oct. 23 Oct. 30 Total Oct. 31 Feedback Check My Work b. Prepare a listing of the accounts receivable customer balances and verify that the total the accounts receivable customer balances equals the balance the accounts receivable controlling account on October 31, 20Y5. Lasting Summer Inc. Accounts Receivable Customer Balances October 31, 20YS Amex Services Inc. Sunny Style Inc. Wayfarer Co. Total accounts receivable