The revenue and cash receipts journals for Polaris Productions Inc. follow. The accounts receivable control account has
Question:
The revenue and cash receipts journals for Polaris Productions Inc. follow. The accounts receivable control account has a January 1, 20Y4, balance of $4,720 consisting of an amount due from Clear Pointe Studios Inc.
Prepare a listing of the accounts receivable customer balances and verify that the total agrees with the ending balance of the accounts receivable controlling account.
Transcribed Image Text:
REVENUE JOURNAL Page 16 Invoice No. Post. Ref. Accts. Rec. Dr. Fees Earned Cr. Date Account Debited 20Y4 Jan. 6 Echo Broadcasting Co.... 2,860 ... 14 2 Gold Coast Media Inc. 6,350 22 3 Echo Broadcasting Co.. 3,710 25 4 Clear Pointe Studios Inc. 2,050 29 5 Amber Communications Inc.. 4,550 31 19,520 (12) (41) CASH RECEIPTS JOURNAL Page 36 Post. Ref. Fees Earned Cr. Accts. Rec. Cr. Cash Dr. Date Account Credited 20Υ4 Jan. 6 Clear Pointe Studios Inc. 4,720 4,720 | ... 11 Fees Earned...... 3,990 3,990 18 Echo Broadcasting Co. 2,860 2,860 .... 28 Gold Coast Media Inc. 6,350 6,350 31 3,990 13,930 17,920 (41) (12) (11)
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Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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