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.		$3,640
May 10	113	Masco Co.		1,360
May 20	114	Alpha GenCorp		2,220
May 27	115	Tillman Inc.		2,455
May 31				$9,675

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 1 Bal.
May 31
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

Solution a, b and c:

Accounts receivables
Date	Debit	Date	Credit
May 1 bal.	$735.00
31-May	$9,675.00
May 31, Bal.	$10,410.00

Alpha Gencorp
Date	Debit	Date	Credit
20-May	$2,220.00
May 31, Bal.	$2,220.00

Hazmat Safety Co
Date	Debit	Date	Credit
1-May	$3,640.00
May 31, Bal.	$3,640.00

Masco Co
Date	Debit	Date	Credit
10-May	$1,360.00
May 31, Bal.	$1,360.00

Tillman Inc.
Date	Debit	Date	Credit
May 1 bal.	$735.00
27-May	$2,455.00
May 31, Bal.	$3,190.00

Solution d:

Gamma Services Inc.
Accounts Receivable Customer Balances
May 31, 20Y3
Alpha GenCorp	$2,220.00
Hazmat Safety Co.	$3,640.00
Masco Co.	$1,360.00
Tillman Inc.	$3,190.00
Total accounts receivable	$10,410.00