Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Revenue Journal; Accounts Receivable subsidiary and General Ledgers Sage Learning Centers was established on July 20 to provide educational services. The services provided during
Revenue Journal; Accounts Receivable subsidiary and General Ledgers Sage Learning Centers was established on July 20 to provide educational services. The services provided during the remainder of the month are as follows: July 21. Issued Invoice No. 1 to 3. Dunlop for $145 on account. July 22. Issued Invoice No. 2 to K. Tisdale for $625 on account. July 24. Issued Invoice No. 3 to T. Quinn for $135 on account. July 25. Provided educational services, $245, K. Tisdale in exchange for educational supplies. Issued Invoice No. 4 to F. Mintz for $370 on account. July 27. July 30. Issued Invoice No. 5 to D. Chase for $330 on account. July 30. Issued Invoice No. 6 to K. Tisdale for $260 on account. July 31. Issued Invoice No. 7 to T. Quinn for $170 on account. Required: 1a. Journalize the transactions (in chronological order) for July, using a single-column revenue journal. If an amount box does not require an entry, leave it blank. REVENUE JOURNAL PAGE 1 Post. Accts, Rec. Dr. Date Invoice No. Account Debited. Ref. Fees Earned Cr.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started