Problem-solving strategy eBook Revenue Journal and Cash Receipts Journals; Accounts Receivable su… Assignment Help

  

revenue Journal and cash receipts JournalsShow transcribed image text Problem-solving strategy eBook Revenue Journal and Cash Receipts Journals; Accounts Receivable subsidiary and General Ledgers Transactions related to revenue and cash receipts completed by Aspen Architects Co. during the period June 2-30, 2014, are as follows: June 2. issued invoice No. 793 to Nickle Co., $6,530. June 5. Received cash from Mendez Co. for the balance owed on its account. June 6 Issued Invoice No. 794 to Preston Co., $2,350. June 13 Issued Invoice No. 795 to Shilo Co., $3,510. Post revenue and collections to the accounts receivable subsidiary ledger. June 15 Received cash from Preston Co. for the balance owed on June 1. June 16 Issued Invoice No. 796 to Preston Co., $7,320 Post revenue and collections to the accounts receivable subsidiary ledger, June 19 Received cash from Nickle Co. for the balance due on invoice of June 2 June 20 Received cash from Preston Co. for invoice of June 6 June 22 Issued Invoice No. 797 to Mendez Co., $9,650 June 25. Received $2,670 note receivable in partial settlement of the balance due on the Shilo Co. account. June 30 Recorded cash fees earned, $16,460. Post revenue and collections to the accounts receivable subsidiary edger Required: 1. Insert the following balances in the general ledger as of June 1: 11 Cash 14,810 12 Accounts Receivable 18,040 14 Notes Receivable 7,850

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