Listed below are selected transactions completed by Ridge Company during March of the current year. Rendered services on account to Quinton Co., Invoice No. 92, $3,250. Mar. 5 10 Rendered services on account to Martin Inc., Invoice No. 93, $4,500. Received $5,000 in payment of monthly rent, which was due on March 1. Received payment from Quinton Co. for invoice of March 5. 13 15 Received payment from Martin Inc. for balance due on invoice of March 10. 19 Received amount due from Thomas Co. on sale made in February, $5,200. 20 Recorded cash from services rendered for cash during the month, $15,750. 31 a. Record the transactions (including the invoice number), using the accompanying revenue journal and cash receipts journal. b. Total and rule the revenue and cash receipts journals. For individual items and totals to be posted to the subsidiary ledger or not to be posted, select "Yes" in the Post. Ref. column or below the totals. 2. For individual items and totals to be posted to the general ledger, select the letter "G" (as a substitute for specific account numbers) in the Post. Ref. column or below the totals. If no entry is required, select "no entry" from the dropdown box and "no entry" under the posting reference column. If an amount box does not require an entry, leave it blank. CASH RECEIPTS JOURNAL Page 23 Other Accounts Accounts Receivable DATE Account Credited Post. Ref. Cash Dr. Cr. Cr.
Listed below are selected transactions completed by Ridge Company during March of the current year. Rendered services on account to Quinton Co., Invoice No. 92, $3,250. Mar. 5 10 Rendered services on account to Martin Inc., Invoice No. 93, $4,500. Received $5,000 in payment of monthly rent, which was due on March 1. Received payment from Quinton Co. for invoice of March 5. 13 15 Received payment from Martin Inc. for balance due on invoice of March 10. 19 Received amount due from Thomas Co. on sale made in February, $5,200. 20 Recorded cash from services rendered for cash during the month, $15,750. 31 a. Record the transactions (including the invoice number), using the accompanying revenue journal and cash receipts journal. b. Total and rule the revenue and cash receipts journals. For individual items and totals to be posted to the subsidiary ledger or not to be posted, select "Yes" in the Post. Ref. column or below the totals. 2. For individual items and totals to be posted to the general ledger, select the letter "G" (as a substitute for specific account numbers) in the Post. Ref. column or below the totals. If no entry is required, select "no entry" from the dropdown box and "no entry" under the posting reference column. If an amount box does not require an entry, leave it blank. CASH RECEIPTS JOURNAL Page 23 Other Accounts Accounts Receivable DATE Account Credited Post. Ref. Cash Dr. Cr. Cr.
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter3: Processing Accounting Information
Section: Chapter Questions
Problem 3.12MCE: Determining an Ending Account Balance Jessies Accounting Services was organized on June 1. The...
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