Question: Journalize the requested transactions using only the general ledger accounts listed below as needed. Cash Accounts Receivable Revenue Expenses Inventory Establish accounts receivable for overpayment

  1. Journalize the requested transactions using only the general ledger accounts listed below as needed.

Cash Accounts Receivable Revenue Expenses Inventory

  1. Establish accounts receivable for overpayment to employee in the amount of $200.

  1. Collect $150 from the employee as payment towards the amount owed.

cash

  1. Collect $300 for sales of reports or publications.

revenue

  1. Pay invoice in the amount of $100 for copier maintenance.

expense

  1. Using the four entries in question number 2, what is the cash balance?

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