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gaylord services company had the following transactions during the month of may 638657

Gaylord Services Company had the following transactions during the month of May:

May 2. Issued Invoice No. 201 to Townley Corp. for services rendered on account, $320.

May 3. Issued Invoice No. 202 to Mid States Inc. for services rendered on account, $450.

May 12. Issued Invoice No. 203 to Townley Corp. for services rendered on account, $165.

May 24. Issued Invoice No. 204 to Parker Co. for services rendered on account, $665.

May 28. Collected Invoice No. 201 from Townley Corp.

a. Prepare a revenue journal with the following headings to record the May revenue transactions for Gaylord Services Company.

REVENUE JOURNAL

 

Invoice

 

Post.

Accts. Rec. Dr.

Date

No.

Account Debited

Ref.

Fees Earned Cr.

b. What is the total amount posted to the accounts receivable control and fees earned accounts from the revenue journal for May?

c. What is the May 31 balance of the Townley Corp. customer account assuming a zero balance on May 1?

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