The revenue and cash receipts journals for Star Productions Inc. are shown on the next page. 1 answer below »

 
   

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The revenue and cash receipts journals for Star Productions Inc. are shown on the next page. The accounts receivable control account has a September 1, 2008, balance of $5,060, consisting of an amount due from Blockbuster Studios Inc.

REVENUE JOURNAL

 

Invoice

 

Post.

Accounts Rec. Dr.

Date

No.

Account Debited

Ref.

Fees Earned Cr.

2008

 

 

Central States Broadcasting Co.

?

1,500

Sept.

6

1

Gold Coast Media Inc.

?

6,100

 

14

2

Central States Broadcasting Co.

?

2,450

 

22

3

Blockbuster Studios Inc.

?

1,410

 

27

4

Alpha Communications Inc.

?

2,440

 

28

5

Central States Broadcasting Co.

?

13,900

 

30

 

 

 

(12) (41)

 

 

 

 

Fees

Accts.

 

 

 

Post.

Earned

Rec.

Cash

Date

Account Credited

Ref.

Cr.

Cr.

Dr.

2008

 

 

 

 

 

 

Sept.

6

Blockbuster Studios Inc.

?

5,060

5,060

 

11

Fees Earned

 

3,400

 

3,400

 

18

Central States Broadcasting Co.

?

1,500

1,500

 

28

Gold Coast Media Inc.

?

6,100

6,100

 

30

 

 

3,400

12,660

16,060

(41)

(12)

(11)

Prepare the customer balance summary report, and determine that the total agrees with the ending balance of the accounts receivable control account.