Business, 09.07.2020 04:01 paolaviviana
The revenue journal and cash receipts journal for Polaris Productions Inc. follow. The accounts receivable control account has a January 1, 20Y4, balance of $5,850, consisting of an amount due from Clear Pointe Studios Inc.
REVENUE JOURNAL
Date Invoice No. Account Debited Post. Ref. Accounts Rec. Dr. Fees Earned Cr.
20Y4
Jan. 6 1 Echo Broadcasting Co. ✔ 1,830
Jan. 14 2 Gold Coast Media Inc. ✔ 7,190
Jan. 22 3 Echo Broadcasting Co. ✔ 3,200
Jan. 25 4 Clear Pointe Studios Inc ✔ 1,630
Jan. 29 5 Amber Communications Inc. ✔ 2,670
Jan. 31 16,520
(12) (41)
CASH RECEIPTS JOURNAL
Date Account Credited Post. Ref. Fees Earned Cr. Accounts Rec. Cr. Cash Dr.
20Y4
Jan. 6 Clear Pointe Studios Inc. ✔ 6,150 6,150
Jan. 11 Fees Earned 4,190 4,190
Jan. 18 Echo Broadcasting Co. ✔ 1,830 1,830
Jan. 28 Gold Coast Media Inc. ✔ 7,190 7,190
Jan. 31 4,190 15,170 19,360
(41) (12) (11)
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. If an amount is zero, enter "0".
Polaris Productions Inc.
Accounts Receivable Customer Balances
January 31, 20Y4
Amber Communications Inc. $
Clear Pointe Studios Inc.
Echo Broadcasting Co.
Gold Coast Media Inc.
Total accounts receivable $
Feedback
Polaris Productions Inc.
Accounts Receivable
(Controlling)
Balance, January 1, 20Y4 $
Total debits (from revenue journal)
Total credits (from cash receipts journal)
Balance, January 31, 20Y4 $
Answers: 3
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The revenue journal and cash receipts journal for Polaris Productions Inc. follow. The accounts rece...
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