Answer and Explanation:
The Preparation of revenue Journal and cash receipts Journal is shown below:-
Revenue Journal
Date Invoice Debited accounts Accounts received Dr,
<u> number Fees earned Cr,</u>
<u>March 2 512 Santorini Co. $905</u>
<u>March 8 513 Gabriel Co. $220</u>
<u>March 12 514 Yarnell Inc. $845</u>
<u>March 20 515 Electronic Central Inc. $195</u>
<u>March 31 Total $2,165</u>
Cash Receipts Journal
Date Accounts Post ref. Fees Accounts Cash Dr,
<u> credited earned Cr, receivable Cr, </u>
March 4 CMI Inc. $205 $205
<u>March 19 Yarnell Inc $555 $555</u>
March 28 Marshall Inc.
<u> (Fees earned) $160 $160</u>
<u>March 29 Santorini Co. $905 $905</u>
March 31 McCleary Co.
<u> (Fees earned) $85 $85</u>
<u> Total $245 $1,655 $1,910</u>
