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LUCKY_DIMON [66]
3 years ago
12

Prepare Journal Entries in a Revenue Journal Horizon Consulting Company had the following transactions during the month of Octob

er: Oct. 2. Issued Invoice No. 321 to Pryor Corp. for services rendered on account, $595. Oct. 3. Issued Invoice No. 322 to Armor Inc. for services rendered on account, $310. Oct. 14. Issued Invoice No. 323 to Pryor Corp. for services rendered on account, $205. Oct. 24. Issued Invoice No. 324 to Rose Co. for services rendered on account, $850. Oct. 29. Collected Invoice No. 321 from Pryor Corp.
Business
1 answer:
Natalija [7]3 years ago
6 0

Answer:

Revenue Journal of Horizon Consulting Company

Date        Invoice           Account debited            Dr Accounts receivable

<u>                                                                               Cr Fees earned              </u>

Oct. 2      321                 Pryor Corp.                                          595

Oct. 3      322                Armor Inc.                                             310

Oct. 14     323                Pryor Corp.                                          205

Oct. 24    324                Rose Co.                                  <u>            850    </u>

                                                                                               $1,960

Cash Journal of Horizon Consulting Company

<u>Date        Invoice     Account debited      Dr Cash   Cr Acc. receivable   </u>

Oct. 29    321           Pryor Corp.               595                <u>           595      </u>  

                                                                                                  $595

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