Transactions related to revenue and cash receipts

completed by A
Transactions related to revenue and cash receipts completed by Aspen Architects Co. during
the period June 2–30, 2012, are as follows:June 2. Issued Invoice No. 793 to Nickle Co.,
$4,900.5. Received cash from Mendez Co. for the balance owed on its account.6. Issued
Invoice No. 794 to Preston Co., $1,760.13. Issued Invoice No. 795 to Shilo Co., $2,630.Post
revenue and collections to the accounts receivable subsidiary ledger.15. Received cash from
Preston Co. for the balance owed on June 1.16. Issued Invoice No. 796 to Preston Co.,
$5,500.Post revenue and collections to the accounts receivable subsidiary ledger.19. Received
cash from Nickle Co. for the balance due on invoice of June 2.20. Received cash from Preston
Co. for invoice of June 6.22. Issued Invoice No. 797 to Mendez Co., $7,240.25. Received
$2,000 note receivable in partial settlement of the balance due on the Shilo Co. account.30.
Recorded cash fees earned, $12,350.Post revenue and collections to the accounts receivable
subsidiary ledger.Instructions1. Insert the following balances in the general ledger as of June
1:11 Cash ........... $11,35012 Accounts Receivable ....... 13,86014 Notes Receivable .......
6,00041 Fees Earned ......... —2. Insert the following balances in the accounts receivable
subsidiary ledger as of June 1:Mendez Co. ......... $7,970Nickle Co. ......... —Preston Co. ........
5,890Shilo Co. ......... —3. Prepare a single-column revenue journal (p. 40) and a cash receipts
journal (p. 36).Use the following column headings for the cash receipts journal: Fees Earned
Cr., Accounts Receivable Cr., and Cash Dr. The Fees Earned column is used to record cash
fees. Insert a check mark (
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Transactions related to revenue and cash receipts completed by A
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receipts-completed-by-a/

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