Question

may 20: received $1,900 from customers for services to be performed next month. post to the four-column accounts in this journal.

cash account # 110
date | posting reference | debit | credit | balance debit | balance credit
may 1 | j10 | 100,000 | | 100,000 |
may 4 | j10 | | 57,000 | 43,000 |
may 6 | j10 | 2,100 | | 45,100 |
may 9 | j10 | | 250 | 44,850 |
may 19 | j10 | | 1,500 | 43,350 |
may 20 | | | | |

unearned revenue account # 220
date | posting reference | debit | credit | balance debit | balance credit
may 20 | | | | |

Explanation:

Analyze the transaction and determine journal entries

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Calculate the updated Cash ledger balance

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Calculate the Unearned Revenue ledger balance

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Answer:

May 20: Received \$1,900 from customers for services to be performed next month. Post to the four-column accounts in the journal.

Cash (Account # 110)

Date	Posting Reference	Debit	Credit	Balance Debit	Balance Credit
May 20	<blank>J10</blank>	<blank>1,900</blank>	<blank></blank>	<blank>45,250</blank>	<blank></blank>

Unearned Revenue (Account # 220)

Date	Posting Reference	Debit	Credit	Balance Debit	Balance Credit