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 $145 on account.
July 22.	Issued Invoice No. 2 to K. Tisdale for $615 on account.
July 24.	Issued Invoice No. 3 to T. Quinn for $135 on account.
July 25.	Provided educational services, $240, K. Tisdale in exchange for educational supplies.
July 27.	Issued Invoice No. 4 to F. Mintz for $360 on account.
July 30.	Issued Invoice No. 5 to D. Chase for $325 on account.
July 30.	Issued Invoice No. 6 to K. Tisdale for $255 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.

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.

1c. 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.

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

3a. What is the sum of the balances of the customer accounts in the subsidiary ledger at July 31? _________________

3b. What is the balance of the accounts receivable controlling account at July 31? _________________

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: ____________