Prepare Journal Entries in a Revenue Journal Shannon Consulting Company had the following transactions during the month of October: Oct. 2. Issued Invoice No. 321 to Pryor Corp. for services rendered on account, $380. 3. Issued Invoice No. 322 to Armor Inc. for services rendered on account, $540. 14. Issued Invoice No. 323 to Pryor Corp. for services rendered on account, $190. 24. Issued Invoice No. 324 to Rose Co. for services rendered on account, $790. 29. Collected Invoice No. 321 from Pryor Corp. Question Content Area a. Record the October revenue transactions for Shannon Consulting Company in the following revenue journal format: REVENUE JOURNAL DATE Invoice No. Account Debited Post. Ref. Accounts Rec. Dr. Fees Earned Cr. Oct. 2 fill in the blank 17ef77fadf92f97_1 fill in the blank 17ef77fadf92f97_3 3 fill in the blank 17ef77fadf92f97_4 fill in the blank 17ef77fadf92f97_6 14 fill in the blank 17ef77fadf92f97_7 fill in the blank 17ef77fadf92f97_9 24 fill in the blank 17ef77fadf92f97_10 fill in the blank 17ef77fadf92f97_12 31 fill in the blank 17ef77fadf92f97_13 Question Content Area b. What is the total amount posted to the accounts receivable and fees earned accounts from the revenue journal for October? Accounts receivable $fill in the blank dab5f308afcef9f_1 Fees earned $fill in the blank dab5f308afcef9f_2 Question Content Area c. What is the October 31 balance of the Pryor Corp. customer account assuming a zero balance on October 1? $fill in the blank 915255f3e04b001_1 Check My Work
Prepare Journal Entries in a Revenue Journal Shannon Consulting Company had the following transactions during the month of October: Oct. 2. Issued Invoice No. 321 to Pryor Corp. for services rendered on account, $380. 3. Issued Invoice No. 322 to Armor Inc. for services rendered on account, $540. 14. Issued Invoice No. 323 to Pryor Corp. for services rendered on account, $190. 24. Issued Invoice No. 324 to Rose Co. for services rendered on account, $790. 29. Collected Invoice No. 321 from Pryor Corp. Question Content Area a. Record the October revenue transactions for Shannon Consulting Company in the following revenue journal format: REVENUE JOURNAL DATE Invoice No. Account Debited Post. Ref. Accounts Rec. Dr. Fees Earned Cr. Oct. 2 fill in the blank 17ef77fadf92f97_1 fill in the blank 17ef77fadf92f97_3 3 fill in the blank 17ef77fadf92f97_4 fill in the blank 17ef77fadf92f97_6 14 fill in the blank 17ef77fadf92f97_7 fill in the blank 17ef77fadf92f97_9 24 fill in the blank 17ef77fadf92f97_10 fill in the blank 17ef77fadf92f97_12 31 fill in the blank 17ef77fadf92f97_13 Question Content Area b. What is the total amount posted to the accounts receivable and fees earned accounts from the revenue journal for October? Accounts receivable $fill in the blank dab5f308afcef9f_1 Fees earned $fill in the blank dab5f308afcef9f_2 Question Content Area c. What is the October 31 balance of the Pryor Corp. customer account assuming a zero balance on October 1? $fill in the blank 915255f3e04b001_1 Check My Work
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Prepare
Shannon Consulting Company had the following transactions during the month of October:
| Oct. 2. | Issued Invoice No. 321 to Pryor Corp. for services rendered on account, $380. |
| 3. | Issued Invoice No. 322 to Armor Inc. for services rendered on account, $540. |
| 14. | Issued Invoice No. 323 to Pryor Corp. for services rendered on account, $190. |
| 24. | Issued Invoice No. 324 to Rose Co. for services rendered on account, $790. |
| 29. | Collected Invoice No. 321 from Pryor Corp. |
Question Content Area
a. Record the October revenue transactions for Shannon Consulting Company in the following revenue journal format:
| REVENUE JOURNAL | ||||
| DATE | Invoice No. | Account Debited | Post. Ref. | Accounts Rec. Dr. Fees Earned Cr. |
| Oct. 2 | fill in the blank 17ef77fadf92f97_1 |
|
fill in the blank 17ef77fadf92f97_3 | |
| 3 | fill in the blank 17ef77fadf92f97_4 |
|
fill in the blank 17ef77fadf92f97_6 | |
| 14 | fill in the blank 17ef77fadf92f97_7 |
|
fill in the blank 17ef77fadf92f97_9 | |
| 24 | fill in the blank 17ef77fadf92f97_10 |
|
fill in the blank 17ef77fadf92f97_12 | |
| 31 | fill in the blank 17ef77fadf92f97_13 |
Question Content Area
b. What is the total amount posted to the
| Accounts receivable | $fill in the blank dab5f308afcef9f_1 |
| Fees earned | $fill in the blank dab5f308afcef9f_2 |
Question Content Area
c. What is the October 31 balance of the Pryor Corp. customer account assuming a zero balance on October 1?
$fill in the blank 915255f3e04b001_1
Check My Work
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