Accounts Receivable Ledger The following revenue journal is for Bowman Cleaners

Question

Accounts Receivable Ledger The following revenue journal is for Bowman Cleaners Inc. Assume that the beginning balances for the customer accounts were zero, except for Tillman Inc., which had a $390 beginning balance. In addition, there were no collections during the period. REVENUE JOURNAL Invoice Post. Accounts Rec. Dr. Fees Earned Cr. Date 20Y3 May 1 May 10 May 20 May 27 May 31 No. Account Debited Ref. 112 113 114 115 Hazmat Safety Co. Masco Co. Alpha GenCorp Tillman Inc. $1,930 720 1,180 1,305 $5,135 a. The T account for Accounts Receivable and T accounts for the four accounts needed in the customer ledger are below b. Post to the T accounts. c. Determine the balance in the accounts. Accounts Receivable

Explanation / Answer

ACCOUNTS RECEIVABLE May 1Balance 390 May 31Revenue Account 5,135 May 31 Balance 5,525 Alpha Gencorp May 1 Balance 0 May 20 Revenue 1,180 May 31Balance 1,180 Hazmat Safety Co. May 1 Balance 0 May 1 Revenue 1,930 May 31Balance 1,930 Masco Co. May 1 Balance 0 May 10 Revenue 720 May 10 Balance 720 Tillman Inc. May 1 Balance 390 May27 Revenue 1,305 May 31Balance 1,695 Accounts receivable Customer Balances Alphs Gen crop 1180 Hazmat Safey Co. 1930 Masco Co. 720 Tillman Inc. 1695 Total Accounts Receivable 5525

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