Question
In: Accounting
Vera Ernst is a licensed dentist. During the first month of the operation of her business,...
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Solutions
Expert Solution
| Date | Account Titles and Explanation | Debit | Credit |
| Apr. 1 | Cash | 18,000 | |
| Vera Ernst , Capital | 18,000 | ||
| (Owner’s investment of cash in business) | |||
| Apr. 1 | No Entry Required | ||
| (Hired a secretary-receptionist) | |||
| Apr. 2 | Rent Expense | 1,200 | |
| Cash | 1,200 | ||
| (Paid monthly office rent) | |||
| Apr. 3 | Supplies | 3,700 | |
| Accounts Payable | 3,700 | ||
| (Purchased supplies on account from Dazzle Company) | |||
| Apr. 10 | Accounts Receivable | 4,800 | |
| Service Revenue | 4,800 | ||
| (Billed clients for services performed) | |||
| Apr. 11 | Cash | 1,400 | |
| Unearned Revenue | 1,400 | ||
| (Received cash for future service) | |||
| Apr. 20 | Cash | 2,800 | |
| Service Revenue | 2,800 | ||
| (Received cash for services performed) | |||
| Apr. 30 | Salary Expense | 2,000 | |
| Cash | 2,000 | ||
| (Paid monthly salary) | |||
| Apr. 30 | Accounts Payable | 2,420 | |
| Cash | 2,420 | ||
| (Paid Dazzle Company on account) | |||
ekkarill92 answered 2 years agoRelated Solutions
Vera Ernst is a licensed dentist. During the first month of the operation of her business,...
Vera Ernst is a licensed dentist. During the first month of the
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Hired a secretary-receptionist at a salary of $500 per week
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Invested $18,000 cash in her business.
1
Hired a secretary-receptionist at a salary of $500 per week
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Paid office rent for the month $1,200.
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