Orion Corp. has $2,490 in the August 1 balance of the accounts receivable account consisting of $1,030 from Dunn Co. and $1,460 from Townley Co. Transactions related to revenue and cash receipts completed by Orion Corp. during the month of August 2008 are as follows:

Aug. 3. Issued Invoice No. 622 for services provided to Phillips Corp., $2,340.

5. Received cash from Dunn Co., on account, for $1,030.

10. Issued Invoice No. 623 for services provided to Sunstream Aviation Inc., $4,260.

15. Received cash from Townley Co., on account, for $1,460.

18. Issued Invoice No. 624 for services provided to Amex Services Inc., $2,900.

23. Received cash from Phillips Corp. for Invoice No. 622.

28. Issued Invoice No. 625 to Townley Co., on account, for $2,380.

30. Received cash from Rogers Co. for services provided, $60.

a. 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, Accounts Receivable, and Cash. Place a check mark (() in the Post. Ref. column to indicate when the Accounts Receivable subsidiary ledger should be posted.

b. Prepare a customer balance summary report on August 31, 2008. Verify that the total of the customer balance summary report equals the balance of the accounts receivable control account on August 31, 2008.