The revenue and cash receipts journals for Star Productions Inc. are shown on the next page. The accounts receivable control account has a September 1, 2008, balance of $5,060, consisting of an amount due from Blockbuster Studios Inc.
|
REVENUE JOURNAL |
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|
|
Invoice |
|
Post. |
Accounts Rec. Dr. |
|
|
Date |
No. |
Account Debited |
Ref. |
Fees Earned Cr. |
|
|
2008 |
|
|
Central States Broadcasting Co. |
? |
1,500 |
|
Sept. |
6 |
1 |
Gold Coast Media Inc. |
? |
6,100 |
|
|
14 |
2 |
Central States Broadcasting Co. |
? |
2,450 |
|
|
22 |
3 |
Blockbuster Studios Inc. |
? |
1,410 |
|
|
27 |
4 |
Alpha Communications Inc. |
? |
2,440 |
|
|
28 |
5 |
Central States Broadcasting Co. |
? |
13,900 |
|
|
30 |
|
|
|
(12) (41) |
|
|
|
|
Fees |
Accts. |
|
|
|
|
|
Post. |
Earned |
Rec. |
Cash |
|
|
Date |
Account Credited |
Ref. |
Cr. |
Cr. |
Dr. |
|
|
2008 |
|
|
|
|
|
|
|
Sept. |
6 |
Blockbuster Studios Inc. |
? |
— |
5,060 |
5,060 |
|
|
11 |
Fees Earned |
|
3,400 |
|
3,400 |
|
|
18 |
Central States Broadcasting Co. |
? |
— |
1,500 |
1,500 |
|
|
28 |
Gold Coast Media Inc. |
? |
— |
6,100 |
6,100 |
|
|
30 |
|
|
3,400 |
12,660 |
16,060 |
|
(41) |
(12) |
(11) |
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Prepare the customer balance summary report, and determine that the total agrees with the ending balance of the accounts receivable control account.