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 J. Dunlop for $120 on account. July 22 Issued Invoice No. 2 to k. Tisdale for $520 on account July 24. issued Invoice No. 3 to T. Quinn for $110 on account July 25. Provided educational services, $205, K. Tisdale in exchange for educational supplies. July 27. Issued Invoice No. 4 to 5 Mintz for $305 on account. July 30. Issued Invoice No. 5 to 0. Chase for $275 on account. July 30, issued Involce No. 6 to k. Tisdale for $215 on account. July 31 Issued Invoice No. 7 to T. Quinn for $145 on account Required: la. 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 Acels. Rec. Dr. Date Invoice No. Account Debited Ref. Fees Eamed cr. Post 1b. Journalize (including the date) and post the appropriate transaction for July, in the two-column general journal. If an amount box does not require an entry, leave it blank. Posting references will be recorded in part 2. JOURNAL Date Description Post. Rel. Debit Credit PAGE 1 Ic Post to the following customer accounts in the accounts receivable ledger, and insert the balance immediately after recording each entry: D. Chase; J. Dunlop; F. Mintz: T. Quinn; K. Tisdale. For those boxes in which no entry is required, leave the box blank. ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Date Item Post. Rel. Dr. Cr. Balance Name: D. Chase Name: J. Dunlop Name: Mintz Name: Quinn Name: T. Quinn II Name: K. Tisdale 2. Post the revenue journal and the general Journal to the following accounts in the general ledger, inserting the account balances only after the last postings: 12 Accounts Receivable 13 Supplies -41 Fees Earned For those boxes in which no entry is required, leave the box blank For those boxes in which no entry is required, leave the box blank GENERAL LEDGER Balance Dr. Cr. Cr. Dr. Date Item Post. Ref. Account: Accounts Receivable =12 Account: Supplies #13 Account: Fees Eamed 41 II 3a. What is the sum of the balances of the customer accounts in the subsidiary ledger at July 317 3b. What is the balance of the accounts receivable controlling account at July 312 4. Assume Sage Learning Centers began using a computerized accounting system to record the sales transactions on August 1. All of the following are benefits of the computerized system over the manual system EXCEPT