Question

Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred.

April 1		Invested $18,000 cash in her business.
1		Hired a secretary-receptionist at a salary of $500 per week payable monthly.
2		Paid office rent for the month $1,200.
3		Purchased dental supplies on account from Dazzle Company $3,700.
10		Performed dental services and billed insurance companies $4,800.
11		Received $1,400 cash advance from Leah Mataruka for an implant.
20		Received $2,800 cash for services performed from Michael Santos.
30		Paid secretary-receptionist for the month $2,000.
30		Paid $2,420 to Dazzle for accounts payable due.

Prepare a trial balance on April 30, 2020.

VERA ERNST, DENTIST Trial Balance April 30, 2020For the Year Ended April 30, 2020For the Quarter Ended April 30, 2020
	Debit		Credit
	$		$
Totals	$		$

Answer 1

VERA ERNST, DENTIST
Trial Balance
April 30, 2020
	Debit	Credit
Cash	16,580
Vera Ernst , Capital		18,000
Rent Expense	1,200
Supplies	3,700
Accounts Payable		1,280
Accounts Receivable	4,800
Service Revenue		7,600
Unearned Revenue		1,400
Salary Expense	2,000
Total	28,280	28,280