Question

Make T-accounts for the following accounts that appear in the general ledger of The Dog & Cat Hospital, owned by Kate Miller, a veterinarian: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Common Stock; Dividends; Professional Fees Earned; Salaries Expense; and Rent Expense.

Using the accounting equation, record each of the transactions in columnar format. Prepare journal entries and record the following December transactions in the T-accounts and key all entries with the number identifying the transaction. Finally determine the balance in each account and prepare a trial balance as of December 31.

Transaction Analysis and Trial Balance Make T-accounts for the following accounts that appear in the general ledger of The Dog & Cat Hospital, owned by Kate Miller, a veterinarian: Cash: Accounts Receivable: Supplies: Office Equipment Accounts Payable: Common Stock Dividends: Professional Fees Earned: Salaries Expenses and Rent Expense. Using the accounting equation, record each of the transactions in columnar format. Prepare journal entries and record the following December transactions in the T-accounts and key all entries with the number identifying the transaction, Finally, determine the balance in each account and prepare a trial balance as of December 31. Dec 1 Miller opened a checking account on December 1 Biomore Bank in the name of The Dog & Cat Hospital and deposited cash 2 Paid oficeret for December 3 Purchased once equipment on account 4 Purchased supplies for cash. 5 Billed clients for services rendered. 6 Paid secretary's salary. 7 Paid on account for equipment purchased on Dec 3. 8 Collected from clients previously bled for services. 9 Themed steckpoldersh end

Answer 1

D E F 1 cm + no Debit ($) Credit ($) $ 32,000 $ 32,000 $ 2,200 $ 2,200 $ 3,600 $ 3,600 9 10 11 12 13 14 $ 2,600 $ 2,600 А в Journal Entries Date Account Titles 1-Dec Cash Common Stock (To record issuance of common stock) 2-Dec Rent Expense Cash (To record payment of rent expense) 3-Dec Office Equipment Accounts Payable (To record purchase of office equipment on account) 4-Dec Supplies Cash (To record purchase of supplies) 5-Dec |Accounts Receivable Professional Fees Earned (To record professional fees billing) 6-Dec Salaries Expense Cash (To record payment of salaries expense) 7-Dec Accounts Payable Cash (To record payment on office equipment 8-Dec Cash Accounts Receivable (To record receipt of cash from customers) 9-Dec Dividends Cash (To record cash payments of dividends) 15 $ 8,000 $ 8,000 $ 2,650 16 17 18 19 20 21 $ 2,650 $ 2,200 $ 2,200 23 24 Dec $ 6,500 $ 6,500 $ 2,700 $ 2,700

G J K L O P Q T U V Y R S Office Equipment $3,600 $ 3,600 M N Accounts Receivable $ 8,000 $ 6,500 $ 1,500 W X Supplies $ 2,600 $ 2,600 5 3 Bal. H I Cash $32,000 $ 2,200 $ 2,600 $ 2,650 $ 2,200 $ 6,500 $ 2,700 4 Bal. Bal. 9 Bal. $26,150 10 11 12 13 14 Prol 3 7 Bal. Accounts Payable $ 3,600 $ 2,200 $ 1.400 Common Stock $32,000 $32,000 9 Bal. Dividends $ 2,700 $ 2,700 5 Bal. Professional Fees Earned $ 8,000 $ 8,000 Bal. 15 16 17 18 19 20 6 Bal. Salaries Expense $ 2,650 $ 2,650 2 Bal. Rent Expense $ 2,200 $ 2,200

AC Credit ($) AA - AB THE DOG & CAT HOSPITAL Trial Balance December 31 Accounts Title Debit ($) 5 Cash $ 26,150 6 Accounts Receivable $ 1,500 7 Supplies $ 3,600 8 Office Equipment $ 2,600 9 Accounts Payable 10 Common Stock 11 Dividends $ 2,700 12 Professional Fees Earned 13 Salaries Expense $ 2,650 14 Rent Expense $ 2,200 15 16 Total $ 41,400 $ 1,400 $ 32,000 $ 8,000 $ 41,400 17

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