Homework Answers
Answer -
Journal of Lance Smith
| Date | Accounts and Explanation | Debit ($) | Credit ($) |
| Jan.1 |
Cash Common Stock (To record issuance of common stock) |
28000 - |
- 28000 |
| Jan.2 |
Medical Supplies Account Payable (Purchased supplies on account) |
19000 - |
- 19000 |
| Jan.4 |
Cash Service Revenue (Received cash for performed services) |
1200 - |
- 1200 |
| Jan.12 |
Rent Expense Cash (Paid office rent) |
2300 - |
- 2300 |
| Jan.15 |
Accounts Receivable Service Revenue (Performed services on account) |
6000 - |
- 6000 |
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Score: 0 of 5 pts S2-5 (similar to) Lance Smith opened a medical practice in Stockton,...
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AFAP
John Daniel opened a medical practice in Sacramento, California, and had the following transactions during the month of January: (Click the icon to view the January transactions.) Journalize the transactions of John Daniel, M.D. Include an explanation with each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 1: The business received $34,000 cash and issued common stock to Daniel. Date Accounts and Explanation Jan. 1 Debit Credit More...
rest Jan. 1: The business received $38,000 cash and issued common stock to Smith. Date Accounts...
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4. John Daniel opened a medical practice in Sacramento, California, and had the following transactions during...
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Susie Baer, physiotherapist, opened a practice. The business completed the following transactions: Oct 1Baer invested $29,000 cash to start her practice. The business issued shares to Baer. 1Purchased medical supplies on account totalling $8,400. 2Paid monthly office rent of $4,500. 3Recorded $7,500 revenue for service rendered to patients, received cash of $1,000, and sent bills to patients for the remainder. After these transactions, how much cash does the business have to work with? Use a T-account to show your answer....
AFAP
John Daniel opened a medical practice in Sacramento, California, and had the following transactions during the month of January: (Click the icon to view the January transactions.) Journalize the transactions of John Daniel, M.D. Include an explanation with each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 1: The business received $34,000 cash and issued common stock to Daniel. Date Accounts and Explanation Jan. 1 Debit Credit More...
rest Jan. 1: The business received $38,000 cash and issued common stock to Smith. Date Accounts and Explanation Jan. 1 Debit Credit eived * More Info Jan. 1 The business received $38,000 cash and issued common stock to Smith. 2 Purchased medical supplies on account, $19,000. 4 Performed services for patients receiving $1,400. 12 Paid monthly office rent of $2,700. 15 Recorded $7,000 revenue for services rendered to patients on account. Print Done
4. John Daniel opened a medical practice in Sacramento, California, and had the following transactions during the month of January (Click the icon to view the January transactions.) Journalize the transactions of John Daniel, M.D. Include an explanation with each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 1: The business received $34,000 cash and issued common stock to Daniel. Date Accounts and Explanation Debit Credit Jan. 1 a...
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Dr. Anna Grayson opened a medical practice specializing in physical therapy. During the first month of operation (January), the business, titled Dr. Anna Grayson, Professional Corporation (P.C.), experienced the following events: (Click the icon to view the events.) (Click the icon to view the journal entries.) Read the requirements Requirement 1. Post the entries to the ledger, using T-accounts. Key transactions by date. Determine the ending balance in each account. (Record transactions from the 15-31 of the month as occurring...
Hannah Varitek, MD, opened a medical practice. The business completed the following transactions: Jul 1 Varitek invested $31,000 cash to start her medical practice. The business issued common stock to Varitek. 2 Purchased medical supplies on account totaling $8,600. 3 Paid monthly office rent of $3,500. 6 Recorded $8,000 revenue (in cash) for service rendered to patients. Begin by posting the transactions, using the date as a posting reference. Then, label and calculate the ending balance, using "Bal" as the...
ACG 2021 Sec 654- Petty Homework: Homework CH2 Score: 0 of 20 pts P2-31A (similar to) 6 of 8 (4 complete) 2018 During the first month of operations, the business completed the following transaction Trey Madden opened a law office on January 1, Click the icon to view the transactions) Requirement 1. Record each transaction in the journal, using the following account tities Cash Accounts Receivable, Office Supplies, Prepai Jan. 1 Madden contributed $63000 cash to the business, Trey Madden....
T12-3 (similar to) Question Help 21. EBM Consulting Services had the following transactions for the month of November. Journalize the transactions and include an explanation with each entry (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Click the icon to view the transactions.) ts ork Test Nov. 1: The business received $11,000 cash and issued common stock. Accounts and Explanation Date Debit Credit Nov. 1 Question Viewer Accounts and Explanation Debit...
Dr. Anna Grayson opened a medical practice specializing in physical therapy. During the first month of operation (July), the business, ited Dr. Anna Grayson, Professional Corporation (PC) experienced the following events: (Click the icon to view the events) Requirement Record the transactions in the joumal of Dr. Anna Grayson, P.C. Lint the transactions by date and give an exploration for each transaction (Record debits first, then credits. Select explanations on the lastne of the journal entry table. In entry is...
Susie Baer, physiotherapist, opened a practice. The business completed the following transactions: Oct 1Baer invested $29,000 cash to start her practice. The business issued shares to Baer. 1Purchased medical supplies on account totalling $8,400. 2Paid monthly office rent of $4,500. 3Recorded $7,500 revenue for service rendered to patients, received cash of $1,000, and sent bills to patients for the remainder. After these transactions, how much cash does the business have to work with? Use a T-account to show your answer....
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