Question

Accounts Receivable Ledger

The following revenue journal is for Bowman Cleaners Inc., assume that the beginning balances for the customer accounts were zero, except for Tillman Inc., which had a $735 beginning balance. In addition, there were no collections during the period.

REVENUE JOURNAL
Date	Invoice No.	Account Debited	Post. Ref.	Accounts Rec. Dr. Fees Earned Cr.
20Y3
May 1	112	Hazmat Safety Co.	(a)	$3,640
May 10	113	Masco Co.	(b)	1,360
May 20	114	Alpha GenCorp	(c)	2,220
May 27	115	Tillman Inc.	(d)	2,455
May 31				$9,675
				(e)

a. The T account for Accounts Receivable and T accounts for the four accounts needed in the customer ledger are below.

b. Post to the T accounts.

c. Determine the balance in the accounts.

Accounts Receivable
May 31 Bal.

Alpha GenCorp
May 31 Bal.

Hazmat Safety Co.
May 31 Bal.

Masco Co.
May 31 Bal.

Tillman Inc.
May 31 Bal.

d. Prepare a listing of the accounts receivable customer balances as of May 31, 20Y3.

Gamma Services Inc.
Accounts Receivable Customer Balances
May 31, 20Y3
Alpha GenCorp	$
Hazmat Safety Co.
Masco Co.
Tillman Inc.
Total accounts receivable	$

Answer 1