Ask Question
25 August, 11:47

Revenue and Cash Receipts Journals Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month of March 20Y8 are as follows: Mar. 2. Issued Invoice No. 512 to Santorini Co., $715. Mar. 4. Received cash from CMI Inc., on account, for $180. Mar. 8. Issued Invoice No. 513 to Gabriel Co., $250. Mar. 12. Issued Invoice No. 514 to Yarnell Inc., $630. Mar. 19. Received cash from Yarnell Inc., on account, $480. Mar. 20. Issued Invoice No. 515 to Electronic Central Inc., $135. Mar. 28. Received cash from Marshall Inc. for services provided, $100. Mar. 29. Received cash from Santorini Co. for Invoice No. 512 of March 2. Mar. 31. Received cash from McCleary Co. for services provided, $55. Prepare a single-column revenue journal and a cash receipts journal to record these transactions. Enter the transactions in chronological order.

+3
Answers (1)
  1. 25 August, 14:10
    0
    Single Column revenue journal is given below

    Explanation:

    Single Column Revenue Journal

    Date No. Account Dr A/c Receivable Dr / Fee earned Cr

    Mar. 2 512 Santorini Co. $ 715

    Mar. 8 513 Gabriel Co. $250

    Mar. 12 514 Yarnell Co. $ 630

    Mar. 20 515 Electronic Central Inc. $135

    Cash Receipts Journal

    Date No Accounts Cr Fee earned A. c Rec. Cr Cash Dr

    Mar. 4 CMI $ 180 $ 180

    Mar. 19 Yarnell Co. $ 480 $ 480

    Mar. 28 Fee Earned $ 100 $100

    Mar. 28 Santorini Co. $715 $ 715

    Mar. 31 Fee Earned $75 $75
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Revenue and Cash Receipts Journals Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month of March ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers