Question

Homework: Homework - Chapter 02 Save Score: 1.2 of 2 pts 2 of 4 (4 complete) HW Score: 89.98%, 7.2 of 8 pts WS2-11 (book/static) Question Help Alter operating for a month, Rosa Anderson's dental practice completed the following transactions during September: Click the icon to view the transactions.) in the steps outlined in the five-step transaction analysis, record the transactions in the journal. More info Joumalize the transactions of Rosa Anderson's dental practice. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Sep 3: The business borrowed $35,000 from the bank, signing a note payable. Journal Entry Accounts and Explanations Date Debit Credit Sep Jorrect Choose from any list or enter any number in the input fields and then click Check Answer 5 parts 5 remaining Clear All Check Answer

Answer 1

Credit Date Sep 3 Debit 35,000 $ Journal Entry Accounts and explanations Account Cash Note Payable To record borrowing from bank by signing a note payable $ 35,000 Sep 9 $ 1,250 Accounts Receivable Service Revenue Services provided to patients on account $ 1,250 Sep 16 $ 500 Cash Accounts Receivable Receipt of cash on account from patients $ 500

Sep 22 $ 380 $ 380 Utility Expense Accounts Payable To record utility bill received which will be paid in October Sep 30 $ 2,250 $ 2,250 Salary Expense Cash To record monthly salary paid to the dental assistant Sep 30 $ 170 $ 170 Interest Expense Cash To record interest expense paid on the bank loan

Basic account type Assets Liabilities Expenses Income Capital Increase Debit Credit Debit Credit Debit Decrease Credit Debit Credit Debit Credit Specific accounts given in this problem Cash, Accounts Receivable Note Payable, Accounts Payable Salary Expense, Utility Expense, Interest Expense Service Revenue