Transactions related to revenue and cash receipts completed by Tex Max Inc. during the month of March

Question:

Transactions related to revenue and cash receipts completed by Tex Max Inc. during the month of March 2010 are as follows:
Mar. 2. Issued Invoice No. 512 to Browne Co., $820.
4. Received cash from CMI Inc., on account, for $195.
8. Issued Invoice No. 513 to Gabriel Co., $265.
12. Issued Invoice No. 514 to Deacon Inc., $690.
19. Received cash from Deacon Inc., on account, $610.
22. Issued Invoice No. 515 to Electronic Central Inc., $150.
27. Received cash from Marshall Inc. for services provided, $90.
29. Received cash from Browne Co. for invoice of March 2.
31. Received cash from McCleary Co. for services provided, $75.
Prepare a single-column revenue journal and a cash receipts journal to record these transactions. Use the following column headings for the cash receipts journal: Fees Earned Cr., Cr., and Cash Dr. Place a check mark (true) in the Post.
Ref. column to indicate when the subsidiary ledger should be posted.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...