EX 5-9 Revenue and cash receipts journals
Transactions related to revenue and cash receipts completed by Main Line Inc. during the month of August 2012 are as follows:
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Aug. 2. |
Issued Invoice No. 512 to Boston Co., $780. |
|
4. |
Received cash from CMI Inc., on account, for $195. |
|
8. |
Issued Invoice No. 513 to Gabriel Co., $275. |
|
12. |
Issued Invoice No. 514 to Dockers Inc., $690. |
|
19. |
Received cash from Dockers Inc., on account, $525. |
|
22. |
Issued Invoice No. 515 to Electronic Central Inc., $150. |
|
27. |
Received cash from Marshall Inc. for services provided, $115. |
|
29. |
Received cash from Boston Co. for invoice of August 2. |
|
31. |
Received cash from McCleary Co. for services provided, $65. |
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., Accounts Receivable Cr., and Cash Dr. Place a check mark (v) in the Post. Ref. column to indicate when the accounts receivable subsidiary ledger should be posted.