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Madison Services Company had the following transactions during the month of April Apr 2 Issued Invoice No 201 to Triple Play Cor for services rendered on account $345 00 Issued Invoice

Madison 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, $345.00

3.

Issued Invoice No. 202 to Mid States Inc. for services rendered on account, $410.00

14.

Issued Invoice No. 203 to Triple Play Corp. for services rendered on account, $110.00

25.

Issued Invoice No. 204 to Parker Co. for services rendered on account, $830. Collected Invoice No. 201 from Triple Play Corp.

  1. Prepare a revenue journal with the following headings to record the April revenue transactions for Madison Services Company.

 

 

REVENUE JOURNAL

 

 

 

Invoice

 

Post.

Accounts Rec. Dr.

Date

No.

Account Debited

Ref.

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?

May 14 2020 View more View Less

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