Question
In: Accounting
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
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. |
Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous question.)
|
Cash |
No. 101 |
||||
|
Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
|
Apr. 1Apr. 2Apr. 3Apr. 7Apr. 10Apr. 11Apr. 12Apr. 17Apr. 20Apr. 30 |
J1 |
||||
|
Apr. 1Apr. 2Apr. 3Apr. 7Apr. 10Apr. 11Apr. 12Apr. 17Apr. 20Apr. 30 |
J1 |
||||
|
Apr. 1Apr. 2Apr. 3Apr. 7Apr. 10Apr. 11Apr. 12Apr. 17Apr. 20Apr. 30 |
J1 |
||||
|
Apr. 1Apr. 2Apr. 3Apr. 7Apr. 10Apr. 11Apr. 12Apr. 17Apr. 20Apr. 30 |
J1 |
||||
|
Apr. 1Apr. 2Apr. 3Apr. 7Apr. 10Apr. 11Apr. 12Apr. 17Apr. 20Apr. 30 |
J1 |
||||
|
Apr. 1Apr. 2Apr. 3Apr. 7Apr. 10Apr. 11Apr. 12Apr. 17Apr. 20Apr. 30 |
J1 |
||||
|
Accounts Receivable |
No. 112 |
||||
|
Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
|
Apr. 1Apr. 2Apr. 3Apr. 7Apr. 10Apr. 11Apr. 12Apr. 17Apr. 20Apr. 30 |
J1 |
||||
|
Supplies |
No. 126 |
||||
|
Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
|
Apr. 1Apr. 2Apr. 3Apr. 7Apr. 10Apr. 11Apr. 12Apr. 17Apr. 20Apr. 30 |
J1 |
||||
|
Accounts Payable |
No. 201 |
||||
|
Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
|
Apr. 1Apr. 2Apr. 3Apr. 7Apr. 10Apr. 11Apr. 12Apr. 17Apr. 20Apr. 30 |
J1 |
||||
|
Apr. 1Apr. 2Apr. 3Apr. 7Apr. 10Apr. 11Apr. 12Apr. 17Apr. 20Apr. 30 |
J1 |
||||
|
Unearned Service Revenue |
No. 209 |
||||
|
Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
|
Apr. 1Apr. 2Apr. 3Apr. 7Apr. 10Apr. 11Apr. 12Apr. 17Apr. 20Apr. 30 |
J1 |
||||
|
Owner’s Capital |
No. 301 |
||||
|
Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
|
Apr. 1Apr. 2Apr. 3Apr. 7Apr. 10Apr. 11Apr. 12Apr. 17Apr. 20Apr. 30 |
J1 |
||||
|
Service Revenue |
No. 400 |
||||
|
Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
|
Apr. 1Apr. 2Apr. 3Apr. 7Apr. 10Apr. 11Apr. 12Apr. 17Apr. 20Apr. 30 |
J1 |
||||
|
Apr. 1Apr. 2Apr. 3Apr. 7Apr. 10Apr. 11Apr. 12Apr. 17Apr. 20Apr. 30 |
J1 |
||||
|
Salaries and Wages Expense |
No. 726 |
||||
|
Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
|
Apr. 1Apr. 2Apr. 3Apr. 7Apr. 10Apr. 11Apr. 12Apr. 17Apr. 20Apr. 30 |
J1 |
||||
|
Rent Expense |
No. 729 |
||||
|
Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
|
Apr. 1Apr. 2Apr. 3Apr. 7Apr. 10Apr. 11Apr. 12Apr. 17Apr. 20Apr. 30 |
J1 |
||||
Solutions
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
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...
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
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...
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Hired a secretary-receptionist at a salary of $700 per week,
payable monthly.
2
Paid office rent for the month of $1,100.
3
Purchased dental supplies on account from Dazzle Company of
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April
1 Invested $20,000 cash in his business.
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1
Hired a secretary-receptionist at a salary of $700 per week payable
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·
2
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