Question

Voyager Electronic Services has three customers in its accounts receivable subsidiary ledger with beginning balances as follows:

Fred Yao Ming, $1,150.00
Kohl Townson, $850.00
Chandra Jahi, $1,075.00

Record the following transactions in a general journal. Then post to the accounts receivable account in the general ledger and to the customer accounts in the accounts receivable subsidiary ledger.

On June 3, Kohl Townson paid $325.00 on account.
On June 10, Chandra Jahi purchased $475.00 on account.
On June 15, Fred Yao Ming paid $395.00 on account.
On June 16, Fred Yao Ming purchased $685.00 on account.
On June 23, Kohl Townson purchased $155.00 on account.

If an amount box does not require an entry, leave it blank.

Page: 41

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
1	June 3					1
2						2
3						3
4	June 10					4
5						5
6						6
7	June 15					7
8						8
9						9
10	June 16					10
11						11
12						12
13	June 23					13
14						14

Ignore posting references. If an amount box does not require an entry, leave it blank.

Vendor Accounts Receivable - Controlling Account Vendor No.
DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
Jun. 1	Beg. balance
Jun. 3
Jun. 10
Jun. 15
Jun. 16
Jun. 23

Vendor Accounts Receivable - Fred Yao Ming Vendor No.
DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
June 1	Beg. balance
June 15
June 16

Vendor Accounts Receivable - Kohl Townson Vendor No.
DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
June 1	Beg. balance
June 3
June 23

Vendor Accounts Receivable - Chandra Jahi Vendor No.
DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
June 1	Beg. balance
June 10

Answer 1

Recording the following transactions in a general journal.

Date	Particulars	L.F	Amount	Amount
Jun-03	Cash		325
	Account Receivable- Kohl Townson			325
Jun-10	Account Receivable- Chandra Jahi		475
	Sales			475
Jun-15	Cash		395
	Account Receivable- Fred Yao Ming			395
Jun-16	Account Receivable- Fred Yao Ming		685
	Sales			685
Jun-23	Account Receivable- Kohl Townson		155
	Sales			155

Ledger accounts are as prepared below:

Account Receivable
Date	Item	Post Ref.	Debit	Credit	Balance
Jun-01	Beg balance				3,075
Jun-03	Cash received			325	2,750
Jun-10	Sales done		475		3,225
Jun-15	Cash received			396	2,829
Jun-16	Sales done		685		3,514
Jun-23	Sales done		155		3,669
Account Receivable- Fred Yao Ming
Date	Item	Post Ref.	Debit	Credit	Balance
Jun-01	Beg balance				1,150
Jun-15	Cash received			396	754
Jun-16	Sales done		685		1,439
Account Receivable- Kohl Townson
Date	Item	Post Ref.	Debit	Credit	Balance
Jun-01	Beg balance				850
Jun-03	Cash received			325	525
Jun-23	Sales done		155		680
Account Receivable- Chandra Jahi
Date	Item	Post Ref.	Debit	Credit	Balance
Jun-01	Beg balance				1,075
Jun-10	Sales done		475		1,550