Accounts Receivable Subsidiary LedgerThe revenue journal and cash receipts journal for Birmingham Productions Inc. follow. The accounts receivable control account has a January 1, 20Y4, balance of $4,720 consisting of an amount due from Clear Pointe Studios Inc.REVENUE JOURNALPage 16DateInvoice No.Account DebitedPost. Ref.Accounts Rec. Dr.Fees Earned Cr.20Y4 Jan. 61 Echo Broadcasting Co.✔2,860 142 Gold Coast Media Inc.✔6,350 223 Echo Broadcasting Co.✔3,710 254 Clear Pointe Studios Inc.✔2,050 295 Amber Communications Inc.✔4,550 31 19,520 (12) (41) CASH RECEIPTS JOURNALPage 36DateAccount CreditedPost. Ref.Fees Earned Cr.Accounts Rec. Cr.Cash Dr.20Y4 Jan. 6 Clear Pointe Studios Inc.✔— 4,720 4,720 11 Fees Earned 3,990 3,990 18 Echo Broadcasting Co.✔— 2,860 2,860 28 Gold Coast Media Inc.✔— 6,350 6,350 31 3,990 13,930 17,920 (41) (12) (11)Prepare a listing of the accounts receivable customer balances and verify that the total agrees with the ending balance of the accounts receivable controlling account. If an amount is zero, enter "0".Birmingham Productions Inc.Accounts Receivable Customer BalancesJanuary 31, 20Y4Amber Communications Inc.$fill in the blank 71e920ffffa2ff2_1Clear Pointe Studios Inc.fill in the blank 71e920ffffa2ff2_2Echo Broadcasting Co.fill in the blank 71e920ffffa2ff2_3Gold Coast Media Inc.fill in the blank 71e920ffffa2ff2_4Total accounts receivable$fill in the blank 71e920ffffa2ff2_5 Birmingham Productions Inc.Accounts ReceivableControllingBalance, January 1, 20Y4$fill in the blank 78e05cf8efe3f93_1Total debits (from revenue journal)fill in the blank 78e05cf8efe3f93_2Total credits (from cash receipts journal)fill in the blank 78e05cf8efe3f93_3Balance, January 31, 20Y4$fill in the blank 78e05cf8efe3f93_4 The revenue journal and cash receipts journal for Birmingham Productions Inc. follow. The accounts receivable control account has a January 1, 20V4, balance of $4,720 consisting of an amount due from Cle ar Pointe Studios Inc.REVENUE JOURNALPage 16Accounts Rec. Dr.DateInvoice No.Account DebitedPost. Ref.Fees Earned Cr.20V4Jan. 61Echo Broadcasting Co.2,860142Gold Coast Media Inc.6,350223Echo Broadcasting Co.3,710254Clear Pointe Studios Inc.2,050295Amber Communications Inc.4,5503119,520(12) (41)CASH RECEIPTS JOURNALPage 36DateAccount CreditedPost. Ref.Fees Earned Cr.Accounts Rec. Cr.Cash Dr.20Y4Jan. 6Clear Pointe Studios Inc.4,7204,72011Fees Earned3,9903,99018Echo Broadcasting Co.2,8602,860Gold Coast Media Inc.6,350286,350313,99013,93017,920(41)(12)(11)Prepare a listing of the accounts receivable customer balances and verify that the total agrees with the ending balance of the accounts receivable controlling account. If an amount is zero, enter "0".Birmingham Productions Inc.Accounts Receivable Customer BalancesJanuary 31, 20Y4Amber Communications Inc. $Clear Pointe Studios Inc.Echo Broadcasting Co.Gold Coast Media Inc.Total accounts receivableBirmingham Productions Inc.Accounts ReceivableControllingBalance, January 1, 20Y4Total debits (from revenue journal)Total credits (from cash receipts journal)Balance, January 31, 20V4

Accounts receivables are those receivables from the customers on which sales are made on credit…

The revenue journal and cash receipts journal for Birmingham Productions Inc. follow. The accounts receivable control account has a January 1, 20Y4, balance of $4,720 consisting of an amount due from Clear Pointe Studios Inc. REVENUE JOURNAL Page 16 Accounts Rec. Dr. Date Invoice No. Account Debited Post. Ref Fees Earned Cr. 20V4 Dan. 6 Echo Broadcasting Co. 2,860 14 2 Gold Coast Media Inc. 6,350 22 3 Echo Broadcasting Co. 3.710 25 4 Clear Pointe Studios Inc. 2,050 29 5 Amber Communications Inc. 4,550 31 19,520 (12) (41) CASH RECEIPTS JOURNAL Page 36 Date Account Credited Post. Ref. Fees Earned Cr. Accounts Rec, Cr. Cash Dr. 20V4 Jan. 6 Clear Pointe Studios Inc. 4,720 4,720 11 Fees Earned 3,990 3,990 18 Echo Broadcasting Co. 2,860 2,860 28 Gold Coast Media Inc. 6,350 6,350 31 3,990 13,930 17,920 (41) (12) (11) Prepare a listing of the accounts receivable customer balances and verify that the total agrees with the ending balance of the accounts receivable controlling account. If an amount is zero, enter "0". Birnsingham Productions Inc. Accounts Receivable Customer Balances January 31, 20Y4 Amber Communications Inc. Clear Pointe Studios Inc. Echo Broadcasting Co. Gold Coast Media Inc. Total accounts receivable Birmingham Productions Inc. Accounts Receivable Controlling Balance, January 1, 20V4 Total debits (from revenue journal) Total credits (from cash receipts journal) Balance, January 31, 20V4

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Accounts Receivable Subsidiary Ledger

The revenue journal and cash receipts journal for Birmingham Productions Inc. follow. The accounts receivable control account has a January 1, 20Y4, balance of $4,720 consisting of an amount due from Clear Pointe Studios Inc.

REVENUE JOURNAL	Page 16
Date	Invoice No.	Account Debited	Post. Ref.	Accounts Rec. Dr. Fees Earned Cr.
20Y4
Jan. 6	1	Echo Broadcasting Co.	✔	2,860
14	2	Gold Coast Media Inc.	✔	6,350
22	3	Echo Broadcasting Co.	✔	3,710
25	4	Clear Pointe Studios Inc.	✔	2,050
29	5	Amber Communications Inc.	✔	4,550
31				19,520
				(12) (41)

CASH RECEIPTS JOURNAL	Page 36
Date	Account Credited	Post. Ref.	Fees Earned Cr.	Accounts Rec. Cr.	Cash Dr.
20Y4
Jan. 6	Clear Pointe Studios Inc.	✔	—		4,720	4,720
11	Fees Earned		3,990			3,990
18	Echo Broadcasting Co.	✔	—		2,860	2,860
28	Gold Coast Media Inc.	✔	—		6,350	6,350
31			3,990		13,930	17,920
			(41)		(12)	(11)

Prepare a listing of the accounts receivable customer balances and verify that the total agrees with the ending balance of the accounts receivable controlling account. If an amount is zero, enter "0".

Birmingham Productions Inc.
Accounts Receivable Customer Balances
January 31, 20Y4
Amber Communications Inc.	$fill in the blank 71e920ffffa2ff2_1
Clear Pointe Studios Inc.	fill in the blank 71e920ffffa2ff2_2
Echo Broadcasting Co.	fill in the blank 71e920ffffa2ff2_3
Gold Coast Media Inc.	fill in the blank 71e920ffffa2ff2_4
Total accounts receivable	$fill in the blank 71e920ffffa2ff2_5

Birmingham Productions Inc.
Accounts Receivable
Controlling
Balance, January 1, 20Y4	$fill in the blank 78e05cf8efe3f93_1
Total debits (from revenue journal)	fill in the blank 78e05cf8efe3f93_2
Total credits (from cash receipts journal)	fill in the blank 78e05cf8efe3f93_3
Balance, January 31, 20Y4	$fill in the blank 78e05cf8efe3f93_4

The revenue journal and cash receipts journal for Birmingham Productions Inc. follow. The accounts receivable control account has a January 1, 20V4, balance of $4,720 consisting of an amount due from Cle ar Pointe Studios Inc.
REVENUE JOURNAL
Page 16
Accounts Rec. Dr.
Date
Invoice No.
Account Debited
Post. Ref.
Fees Earned Cr.
20V4
Jan. 6
1
Echo Broadcasting Co.
2,860
14
2
Gold Coast Media Inc.
6,350
22
3
Echo Broadcasting Co.
3,710
25
4
Clear Pointe Studios Inc.
2,050
29
5
Amber Communications Inc.
4,550
31
19,520
(12) (41)
CASH RECEIPTS JOURNAL
Page 36
Date
Account Credited
Post. Ref.
Fees Earned Cr.
Accounts Rec. Cr.
Cash Dr.
20Y4
Jan. 6
Clear Pointe Studios Inc.
4,720
4,720
11
Fees Earned
3,990
3,990
18
Echo Broadcasting Co.
2,860
2,860
Gold Coast Media Inc.
6,350
28
6,350
31
3,990
13,930
17,920
(41)
(12)
(11)
Prepare a listing of the accounts receivable customer balances and verify that the total agrees with the ending balance of the accounts receivable controlling account. If an amount is zero, enter "0".
Birmingham Productions Inc.
Accounts Receivable Customer Balances
January 31, 20Y4
Amber Communications Inc. $
Clear Pointe Studios Inc.
Echo Broadcasting Co.
Gold Coast Media Inc.
Total accounts receivable
Birmingham Productions Inc.
Accounts Receivable
Controlling
Balance, January 1, 20Y4
Total debits (from revenue journal)
Total credits (from cash receipts journal)
Balance, January 31, 20V4

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