Homework Answers
| CASH | |||
| Jul 1 | 31000 | Jul 3 | 3500 |
| Jul 6 | 8000 | ||
| Bal | 35500 | ||
**Since on Jul 2 ,No cash transactions are affected.
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Hannah Varitek, MD, opened a medical practice. The business completed the following transactions: Jul 1 Varitek...
Susie Baer, physiotherapist, opened a practice. The business completed the following transactions: Oct 1Baer invested $29,000...
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....
Marsha Solomon, a physiotherapist, opened a practice. The business completed the following transactions: May 1 Solomon...
Marsha Solomon, a physiotherapist, opened a practice. The business completed the following transactions: May 1 Solomon invested $25,000 cash to start her practice. The business issued shares to Solomon. 1 Purchased medical supplies on account totalling $9,000. 2 Paid monthly office rent of $4,000. 3 Recorded $8,000 revenue for service rendered to patients, received cash of $2,000, and sent bills to patients for the remainder. Which of the transactions of Marsha Solomon, P.T., increased the total assets of the business?...
Caren Steinbeck opened a medical practice. During July, the first month of operation, the business, titled...
Caren Steinbeck opened a medical practice. During July, the first month of operation, the business, titled Caren Steinbeck, MD, experienced the following events: (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Caren Steinbeck, MD. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th, calculate the balance in each account...
Lauren Steinbeck opened a medical practice. During July, the first month of operation, the business, titled...
Lauren Steinbeck opened a medical practice. During July, the first month of operation, the business, titled Lauren Steinbeck, MD, experienced the following events: (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Lauren Steinbeck, MD. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th, calculate the balance in each account...
AFAP John Daniel opened a medical practice in Sacramento, California, and had the following transactions during...
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...
Kira Sansone opened a medical practice. During July, the first month of operation, the business, titled...
Kira Sansone opened a medical practice. During July, the first month of operation, the business, titled Kira Sansone, MD, experienced the following events: (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Kira Sansone, MD. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th, calculate the balance in each account...
practices medicine under the business title M. D. During July, the medical practice - following transactions:...
practices medicine under the business title M. D. During July, the medical practice - following transactions: icon to view the transactions.) (Click the icon to view the company accounts.) Read the requirements. More Info Jul, 1 Yardley contributed $70,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, $540. 9 Paid $14,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,700. 19 Borrowed $27,000 from the bank...
Score: 0 of 5 pts S2-5 (similar to) Lance Smith opened a medical practice in Stockton,...
Score: 0 of 5 pts S2-5 (similar to) Lance Smith opened a medical practice in Stockton, California, and had the following transactions during the month of January (Click the icon to view the January transactions.) Journalize the transactions of Lance Smith, M.D. Include an explanation with each entry. (Record debits first, then credits. Select th Jan. 1: The business received $28,000 cash and issued common stock to Smith Date Accounts and Explanation Jan. 1 Debit Credit 0 More Info Jan....
Dr. Bernice Maglin opened a medical practice. During the first month of operations (July), the business,...
Dr. Bernice Maglin opened a medical practice. During the first month of operations (July), the business, named Dr. Bernice Maglin, Professional Corporation (P.C.), had the following events: B: (Click the icon to view the events.) Calculate total assets, total liabilities, and total stockholders' equity of the business on July 31. Total assets......... Total liabilities Total stockholders' equity ........... Jul 6 12 15 15-31. Maglin invested $145,000 in the business, which in turn issued its common stock to her. The business...
Dr. Ansley Favata opened a medical practice. During the first month of operations (May), the business,...
Dr. Ansley Favata opened a medical practice. During the first month of operations (May), the business, named Dr. Ansley Favata, Professional Corporation (P.C.), had the following events: 囲(click the icon to view the events) Calculate total assets, total liabilities, and total stockholders' equity of the business on May 31 Total assets. Total liabilities Total stockholders' equity Favata invested $142,000 in the business, which in turn issued its common stock to her. May 6 9 The business paid cash for land...
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....
Marsha Solomon, a physiotherapist, opened a practice. The business completed the following transactions: May 1 Solomon invested $25,000 cash to start her practice. The business issued shares to Solomon. 1 Purchased medical supplies on account totalling $9,000. 2 Paid monthly office rent of $4,000. 3 Recorded $8,000 revenue for service rendered to patients, received cash of $2,000, and sent bills to patients for the remainder. Which of the transactions of Marsha Solomon, P.T., increased the total assets of the business?...
Caren Steinbeck opened a medical practice. During July, the first month of operation, the business, titled Caren Steinbeck, MD, experienced the following events: (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Caren Steinbeck, MD. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th, calculate the balance in each account...
Lauren Steinbeck opened a medical practice. During July, the first month of operation, the business, titled Lauren Steinbeck, MD, experienced the following events: (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Lauren Steinbeck, MD. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th, calculate the balance in each account...
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...
Kira Sansone opened a medical practice. During July, the first month of operation, the business, titled Kira Sansone, MD, experienced the following events: (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Kira Sansone, MD. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th, calculate the balance in each account...
practices medicine under the business title M. D. During July, the medical practice - following transactions: icon to view the transactions.) (Click the icon to view the company accounts.) Read the requirements. More Info Jul, 1 Yardley contributed $70,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, $540. 9 Paid $14,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,700. 19 Borrowed $27,000 from the bank...
Score: 0 of 5 pts S2-5 (similar to) Lance Smith opened a medical practice in Stockton, California, and had the following transactions during the month of January (Click the icon to view the January transactions.) Journalize the transactions of Lance Smith, M.D. Include an explanation with each entry. (Record debits first, then credits. Select th Jan. 1: The business received $28,000 cash and issued common stock to Smith Date Accounts and Explanation Jan. 1 Debit Credit 0 More Info Jan....
Dr. Bernice Maglin opened a medical practice. During the first month of operations (July), the business, named Dr. Bernice Maglin, Professional Corporation (P.C.), had the following events: B: (Click the icon to view the events.) Calculate total assets, total liabilities, and total stockholders' equity of the business on July 31. Total assets......... Total liabilities Total stockholders' equity ........... Jul 6 12 15 15-31. Maglin invested $145,000 in the business, which in turn issued its common stock to her. The business...
Dr. Ansley Favata opened a medical practice. During the first month of operations (May), the business, named Dr. Ansley Favata, Professional Corporation (P.C.), had the following events: 囲(click the icon to view the events) Calculate total assets, total liabilities, and total stockholders' equity of the business on May 31 Total assets. Total liabilities Total stockholders' equity Favata invested $142,000 in the business, which in turn issued its common stock to her. May 6 9 The business paid cash for land...
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