Business, 27.10.2020 22:50 justaguy15

April 1 1
P2-2B Judi Dench is a licensed dentist. During the first month of the operation of tur
business, the following events and transactions occurred.
Shareholders invested £40,000 cash in exchange for ordinary shares
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
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 use 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.
Journalize the transactions.
Past to the ledger accounts.
Prepare a trial balance on April 30, 2017.

Answers: 2

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April 1 1
P2-2B Judi Dench is a licensed dentist. During the first month of the operation of...