Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Judi Dench is a licensed dentist During the first month of the operation of her business, ...

Judi Dench is a licensed dentist During the first month of the operation of her business, the following events and transactions occurred April 1 Shareholders invested £40000 cash in exchange for

Judi Dench is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Shareholders invested £40,000 cash in exchange for ordinary shares. 1 Hired a secretary-receptionist at a salary of £600 per week payable monthly. 2 Paid office rent for the month £1,400. 3 Purchased dental supplies on account from Halo Company £5,200. 10 Performed dental services and billed insurance companies £6,600. 11 Received £1,000 cash advance from Rich Welk for an implant. 20 Received £2,100 cash for services performed for Phil Stueben. 30 Paid secretary-receptionist for the month £2,400. 30 Paid £1,900 to Halo Company for accounts payable due. Judi uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 311 Share Capital-Ordinary, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense. Instructions (a) Journalize the transactions. (b) Post to the ledger accounts. (c) Prepare a trial balance on April 30, 2017.

Apr 04 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions