Vera Ernst 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 $1,200. | |
3 | Purchased dental supplies on account from Dazzle Company $4,400. | |
10 | Performed dental services and billed insurance companies $4,700. | |
11 | Received $1,100 cash advance from Leah Mataruka for an implant. | |
20 | Received $1,800 cash for services performed from Michael Santos. | |
30 | Paid secretary-receptionist for the month $2,400. | |
30 | Paid $2,840 to Dazzle for accounts payable due. |
Date | Accounts Title and Explanation | Debit | Credit |
1-Apr | Cash | $ 21,000 | |
Vera Ernst, Capital | $ 21,000 | ||
1-Apr | No Entry Required | ||
2-Apr | Rent Expense | $ 1,200 | |
Cash | $ 1,200 | ||
3-Apr | Supplies | $ 4,400 | |
Accounts Payable | $ 4,400 | ||
10-Apr | Accounts Receivable | $ 4,700 | |
Service Revenue | $ 4,700 | ||
11-Apr | Cash | $ 1,100 | |
Unearned Service Revenue | $ 1,100 | ||
20-Apr | Cash | $ 1,800 | |
Service Revenue | $ 1,800 | ||
30-Apr | Salaries Expense | $ 2,400 | |
Cash | $ 2,400 | ||
30-Apr | Accounts Payable | $ 2,840 | |
Cash | $ 2,840 |
Cash | ||||
Date | Explanation Ref | Debit | Credit | Balance |
1-Apr | $21,000 | $21,000 | ||
2-Apr | $ 1,200 | $19,800 | ||
11-Apr | $ 1,100 | $20,900 | ||
20-Apr | $ 1,800 | $22,700 | ||
30-Apr | $ 2,400 | $20,300 | ||
30-Apr | $ 2,840 | $17,460 | ||
Accounts Receivable | ||||
Date | Explanation Ref | Debit | Credit | Balance |
10-Apr | $ 4,700 | $ 4,700 | ||
Supplies | ||||
Date | Explanation Ref | Debit | Credit | Balance |
3-Apr | $ 4,400 | $ 4,400 | ||
Accounts Payable | ||||
Date | Explanation Ref | Debit | Credit | Balance |
3-Apr | $ 4,400 | $ 4,400 | ||
30-Apr | $ 2,840 | $ 1,560 | ||
Unearned Service Revenue | ||||
Date | Explanation Ref | Debit | Credit | Balance |
11-Apr | $ 1,100 | $ 1,100 | ||
Owner's Capital | ||||
Date | Explanation Ref | Debit | Credit | Balance |
1-Apr | $21,000 | $21,000 | ||
Service Revenue | ||||
Date | Explanation Ref | Debit | Credit | Balance |
10-Apr | $ 4,700 | $ 4,700 | ||
20-Apr | $ 1,800 | $ 6,500 | ||
Salaries and Wage Expense | ||||
Date | Explanation Ref | Debit | Credit | Balance |
30-Apr | $ 2,400 | $ 2,400 | ||
Rent Expense | ||||
Date | Explanation Ref | Debit | Credit | Balance |
2-Apr | $ 1,200 | $ 1,200 |
VERA ERNST, DENTIST | ||
TRIAL BALANCE | ||
ON APRIL 30, 2020 | ||
Debit | Credit | |
Cash | $ 17,460 | |
Accounts receivable | $ 4,700 | |
Supplies | $ 4,400 | |
Salaries expenses | $ 2,400 | |
Rent expenses | $ 1,200 | |
Accounts payable | $ 1,560 | |
Unearned revenue | $ 1,100 | |
Owner's Capital | $ 21,000 | |
Service revenue | $ 6,500 | |
TOTALS | $30,160 | $30,160 |
Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $23,000 cash in her business. 1 Hired a secretary-receptionist at a salary of $900 per week payable monthly. 2 Paid office rent for the month $1,000. 3 Purchased dental supplies on account from Dazzle Company $4,500. 10 Performed dental services and billed insurance companies $4,700. 11 Received $1,100 cash advance from Leah Mataruka for an...
Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $ 19,000 cash in her business.1 Hired a secretary-receptionist at a salary of $ 500 per week payable monthly.2 Paid office rent for the month $ 1,200.3 Purchased dental supplies on account from Dazzle Company $ 4,600.10 Performed dental services and billed insurance companies $ 4,500.11 Received $ 1,000 cash advance from Leah Mataruka for an...
Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 1 2 3 10 Invested $22,000 cash in her business. Hired a secretary-receptionist at a salary of $700 per week payable monthly. Paid office rent for the month $1,000. Purchased dental supplies on account from Dazzle Company $3,900. Performed dental services and billed insurance companies $5,000. Received $1,500 cash advance from Leah Mataruka for an implant....
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...
Need a trial balance done.
Not Secure Weygandt, Accounting Principles, 13e Help I System Announcements RCES Problem 2-02A a-c (Part Level Submission) (Video) Vera Ernst is a licensed dentist. During the first month of the operation of her business, the fo April 1 Invested $19,000 cash in her business. rk c (Part 1 Hired a secretary-receptionist at a salary of $700 per week payable monthly. 2 Paid office rent for the month $1,200. 3 Purchased dental supplies on account from...
1. Journalize the transactions. (Credit account
titles are automatically indented when amount is entered. Do not
indent manually. Record journal entries in the order presented in
the problem. If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts.)
2. Post to the ledger accounts. (Post entries in the
order of journal entries presented in the previous
question.)
3.Prepare a trial balance on April 30, 2020.
Vera Ernst is a licensed dentist. During...
Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April i invested $20,000 cash in her business. 1 Hired a secretary-receptionist at a salary of $700 per week payable monthly. 2 Paid office rent for the month $1,500. 3 Purchased dental supplies on account from Dazzle Company $4,000. 10 Performed dental services and billed Insurance companies $5,100. 11 Received $1,000 cash advance from Leah Mataruka for an...
P2.2A (LO 1, 2, 3, 4) Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $20,000 cash in her business. 1 Hired a secretary-receptionist at a salary of $700 per week payable monthly. 2 Paid office rent for the month $1,500. 3 Purchased dental supplies on account from Dazzle Company $4.000. 10 Performed dental services and billed insurance companies $5,100. 11 Received $1,000 cash advance from Leah Mataruka for an...
Journalize the transactions
Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $18,000 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 $1,200. 3 Purchased dental supplies on account from Dazzle Company $3,300. 10 Performed dental services and billed insurance companies $5,200. 11 Received $1,400 cash advance from Leah...
Problem 2-02A a-c (Video) Vera Ernst 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 $1,200. 3 Purchased dental supplies on account from Dazzle Company $4,400. 10 Performed dental services and billed insurance companies $4,700. 11 Received $1,100 cash advance from...