Question

Problem 2-OZA -- (Video) Vera Emst is a licensed dentist. During the first month of the operation of her business, the following events and transactions Occurred. April 1 Invested $21,000 cash in her business 1 Hired a secretary-receptionist at a salary of $600 per week payable monthly 2 Paid office rent for the month $1,100. 3 Purchased dental supplies on account from Dazzle Company $3,300 10 Performed dental services and billed insurance companies $4,500 11 Received $1,000 cash advance from Leah Mataruka for an implant 20 Received $2,600 cash for services performed from Michael Santos. 30 Paid secretary receptionist for the month $2,400. 30 Paid $2,180 to Dazzle for accounts payable due

Answer 1

Answer
Date	Accounts Title and Explanation	Debit	Credit
Apr-01	Cash	$     21,000
	Vera Ernst, Capital		$     21,000
	( To record cash brought in to company )
Apr-01	No Entry Required
	(Hired a Secretary - Receptionist)
Apr-02	Rent Expense	$       1,100
	Cash		$       1,100
	(To record monthly office rent)
Apr-03	Supplies	$       3,300
	Accounts Payable		$       3,300
	(To record purchase made )
Apr-10	Accounts Receivable	$       4,500
	Service Revenue		$       4,500
	(To record Billed Client for Services performed)
Apr-11	Cash	$       1,000
	Unearned Service Revenue		$       1,000
	(To record Unearned Service Revenue)
Apr-20	Cash	$       2,600
	Service Revenue		$       2,600
	(To Record service Revenue)
Apr-30	Salaries Expense	$       2,400
	Cash		$       2,400
	( To record monthly Salary)
Apr-30	Accounts Payable	$       2,180
	Cash		$       2,180
	( To record Accounts Payable )

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