EX 5-8 Accounts receivable subsidiary ledger
The revenue and cash receipts journals for Amazon Productions Inc. are shown below. The accounts receivable control account has a May 1, 2012, balance of $3,910, consisting of an amount due from Bishop Studios Inc.
|
REVENUE JOURNAL |
|||||||
|
Invoice |
Post. |
Accounts Rec. Dr. |
|||||
|
Date |
No. |
Account Debited |
Ref. |
Fees Earned Cr. |
|||
|
2012 |
|||||||
|
May 6 |
1 |
Chandler Broadcasting Co. |
v |
1,250 |
|||
|
14 |
2 |
Gold Coast Media Inc |
v |
5,700 |
|||
|
22 |
3 |
Chandler Broadcasting Co. |
v |
2,200 |
|||
|
27 |
4 |
Bishop Studios Inc. |
v |
1,250 |
|||
|
28 |
5 |
Amber Communications Inc. |
v |
2,040 |
|||
|
30 |
12,440 |
||||||
|
(12) (41) |
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|
CASH RECEIPTS JOURNAL |
|||||||
|
Post. |
Fees |
Accts Rec. |
Cash |
||||
|
Date |
Account Debited |
Ref. |
Earned Cr. |
Dr. |
Dr. |
||
|
2012 |
|||||||
|
May 6 |
Bishop Studios Inc. |
v |
— |
3,910 |
3,910 |
||
|
11 |
Fees Earned |
3,200 |
3,200 |
||||
|
18 |
Chandler Broadcasting Co. |
v |
— |
1,250 |
1,250 |
||
|
28 |
Gold Coast Media Inc |
v |
— |
5,700 |
5,700 |
||
|
30 |
3,200 |
10,860 |
14,060 |
||||
|
(41) |
(12) |
(11) |
|||||
Prepare a listing of the accounts receivable subsidiary ledger account balances and verify that the total agrees with the ending balance of the accounts receivable account.