Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month of March 20Y8 are as follows:

Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month of March 20Y8 are as follows:

Mar. 

2. Issued Invoice No. 512 to Santorini Co., $905.

4. Received cash from CMI Inc., on account, for $205.

8. Issued Invoice No. 513 to Gabriel Co., $220.

12. Issued Invoice No. 514 to Yarnell Inc., $845.

19. Received cash from Yarnell Inc., on account, $555.

20. Issued Invoice No. 515 to Electronic Central Inc., $195.

28. Received cash from Marshall Inc. for services provided, $160.

29. Received cash from Santorini Co. for Invoice No. 512 of March 2.

31. Received cash from McCleary Co. for services provided, $85.

Prepare a single-column revenue journal and a cash receipts journal to record these transactions. Use the following column headings for the cash receipts journal: Fees Earned Cr., Accounts Receivable Cr., and Cash Dr. Place a check mark (✓) in the Post. Ref. column to indicate when the accounts receivable subsidiary ledger should be posted.

Answer:

Page 8 InvoicePost.No.Ref. Fees Earned Cr. 20Y8 Mar. 2 512 Santorini Co.  8 513 Gabriel Co.  12 514 Yarnell Inc.  20 515 Electronic Central Inc.  31 Page 12 20Y8 Mar. 4 CMI Inc.  19 Yarnell Inc.  28 Fees Earned 160 29 Santorini Co.  31 Fees Earned 85 31245 1,665 205 555 905 1,910