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Question

The following selected transactions were completed by Ridge Company during March of the current year:

Mar. 5 Rendered services on account to Quinton Co., Invoice No. 92, $3,250.
10 Rendered services on account to Martin Inc., Invoice No. 93, $4,500.
13 Received $5,000 in payment of monthly rent, which was due on March 1.
15 Received payment from Quinton Co. for invoice of March 5.
19 Received payment from Martin Inc. for balance due on invoice of March 10.
20 Received amount due from Thomas Co. on sale made in February, $5,200.
31 Rendered services for cash during the month, $15,750.

(a) Journalize the transactions, using a revenue journal and a cash receipts journal.
(b) Total and rule the revenue and cash receipts journals.
(c) Indicate the method of posting the individual items and the columnar totals of the revenue and cash receipts journals in the following manner:
(1) For individual items and totals to be posted to the subsidiary ledger or not to be posted, insert a check mark in the Post. Ref. column or under the totals.
(2) For individual items and totals to be posted to the general ledger, insert the letter "G" (as a substitute for specific account numbers) in the Post. Ref. column or under the totals.

REVENUE JOURNAL Page 10
Post.Accts. Rec. Dr.
DateInvoice No.Account DebitedRef.Fees Earned Cr.
CASH RECEIPTS JOURNAL Page 23
OtherAccounts
AccountPost.AccountsReceivableCash
DateCreditedRef. Cr. Cr. Dr.

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