Davidson, Inc

Essay

Davidson, Inc. incurred the following transactions during the month of January. Record the appropriate ones in the cash receipts journal. If a transaction should not be recorded in the cash receipts journal, indicate where it should be posted.
(a)On January 3, a one-year insurance policy was purchased for $2,400. The account number for Prepaid Insurance is 16.
(b)On January 5, Davidson, Inc. received a payment on account from Pasher Industries of $625.
(c)On January 12, Davidson, Inc. made sales on account of $3,500 and sales for cash of $2,300. The account number for Fees Earned is 41.
(d)On January 26, Davidson, Inc. received $1,250 in rent revenue from a tenant who leases a portion of its building. The account number for Rent Revenue is 44.
(e)On January 29, Davidson, Inc. received a payment on account from Gooden, Inc. for $2,000.? $$\begin{array} { | c | c | c | c | c | c | } \hline \text { Date } & \begin{array} { c } \text { Account } \\\text { Credited }\end{array} & \begin{array} { c } \text { Post. } \\\text { Ref. }\end{array} & \begin{array} { c } \text { Other } \\\text { Accounts } \\\text { Cr. }\end{array} & \begin{array} { c } \text { Accounts } \\\text { Receivable } \\\text { Cr. }\end{array} & \begin{array} { c } \text { Cash } \\\text { Dr. }\end{array} \\\hline & & & & & \\\hline & & & & & \\\hline & & & & & \\\hline & & & & & \\\hline & & & & & \\\hline\end{array}$$