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Prepare Journal Entries in a Revenue Journal

Patton Services Company had the following transactions during the month of April:

Apr. 2. Issued Invoice No. 201 to Triple Play Corp. for services rendered on account, $260.
Apr. 3. Issued Invoice No. 202 to Mid States Inc. for services rendered on account, $370.
Apr. 14. Issued Invoice No. 203 to Triple Play Corp. for services rendered on account, $130.
Apr. 22. Issued Invoice No. 204 to Parker Co. for services rendered on account, $540.
Apr. 30. Collected Invoice No. 201 from Triple Play Corp.

a. Prepare a revenue journal (in chronological order) to record the April revenue transactions for Patton Services Company.
REVENUE JOURNAL
DATE Invoice No. Account Debited Post. Ref. Accounts Rec. Dr.
Fees Earned Cr.

b. What is the total amount posted to the accounts receivable and fees earned accounts from the revenue journal for April?

c. What is the April 30 balance of the Triple Play Corp. customer account assuming a zero balance on April 1?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92798590

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