Answer:
Date | Account title and explanation | Debit | Credit |
Jan 31 | Accounts receivable | $780 | |
Service revenue | $780 | ||
[To record accrued revenues] | |||
Jan 31 | Utilities expense | $610 | |
Accounts payable | $610 | ||
[To record accrued utlities expense] | |||
Jan 31 | Depreciation expense | $450 | |
Accumulated depreciation-equipment | $450 | ||
[To record depreciation expense] | |||
Interest expense | $730 | ||
Interest payable | $730 | ||
[To record accrued interest expense] | |||
Jan 31 | Insurance expense [$24,000/12] | $2,000 | |
Prepaid insurance | $2,000 | ||
[To record insurance expense] | |||
Jan 31 | Supplies expense [2380-620] | $1,760 | |
Supplies | $1,760 | ||
[To record supplies expense ] |
1. 3. Exercise 4-10 Sheridan Company, opened an incorporated dental practice on January 1, 2022. During...
Exercise 4-10 Splish Brothers Inc., opened an incorporated dental practice on January 1, 2022. During the first month of operations, the following transactions occurred. 1. 2. 3. Performed services for patients who had dental plan insurance. At January 31, $900 of such services was completed but not yet billed to the insurance companies. Utility expenses incurred but not paid prior to January 31 totaled $530. Purchased dental equipment on January 1 for $82,600, paying $23,200 in cash and signing a...
Marigold Corp., opened an incorporated dental practice on January 1, 2022. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $890 of such services was completed but not yet billed to the insurance companies. 2. Utility expenses incurred but not paid prior to January 31 totaled $670. 3. Purchased dental equipment on January 1 for $85,500, paying $29,250 in cash and signing a $56,250, 3-year note...
1 Novak Corp, opened an incorporated dental practice on January 1, 2022. During the first month of operations, the following transactions occurred Performed services for patients who had dental plan insurance. At January 31, $930 of such services was completed but not yet billed to the insurance companies. Utility expenses incurred but not paid prior to January 31 totaled $520. Purchased dental equipment on January 1 for $87,600, paying $28,250 in cash and signing a $59,350, 3-year note payable (interest...
Pina Colada Corp., opened an incorporated dental practice on January 1, 2022. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $940 of such services was completed but not yet billed to the insurance companies. 2. Utility expenses incurred but not paid prior to January 31 totaled $660. 3. Purchased dental equipment on January 1 for $80,600, paying $27,150 in cash and signing a $53,450, 3-year...
Oriole Company, opened an incorporated dental practice on January 1, 2022. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $790 of such services was completed but not yet billed to the insurance companies. 2. Utility expenses incurred but not paid prior to January 31 totaled $610. 3. Purchased dental equipment on January 1 for $89,500, paying $25,200 in cash and signing a $64,300, 3-year note...
CALCULATOR INTER VERSION BACK NEXT Exercise 4-10 Blossom Company, opened an incorporated dental practice on January 1, 2017. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $900 of such services was completed but not yet billed to the insurance companies. 2. Utility expenses incurred but not paid prior to January 31 totaled $770. 3. Purchased dental equipment on January 1 for $87,600, paying $24.150 in...
Sunland Company, opened an incorporated dental practice on
January 1, 2017. During the first month of operations, the
following transactions occurred.
1.
Performed services for patients who had dental plan insurance.
At January 31, $900 of such services was completed but not yet
billed to the insurance companies.
2.
Utility expenses incurred but not paid prior to January 31
totaled $790.
3.
Purchased dental equipment on January 1 for $86,650, paying
$22,200 in cash and signing a $64,450, 3-year note...
Novak Corp.opened an incorporated dental practice on January 1.2022. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31.5930 of such services was completed but not yet billed to the insurance companies 2. Utility expenses incurred but not paid prior to January 31 totaled $520 3. Purchased dental equipment on January 1 for $87600, paying $28250 in cash and signing a $59350, 3-year note payable interest is...
Current Attempt in Progress Concord Corporation, opened a dental practice on January 1, 2020. During the first month of operations, the following transactions occurred. 1. 2. 3. Performed services for patients who had dental plan insurance. At January 31, $890 of such services were performed but not Utility expenses incurred but not paid prior to January 31 totaled $690. Purchased dental equipment on January 1 for $86,000, paying $21,000 in cash and signing a $65,000, 3-year note payable. TI Purchased...
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Question 10 View Policies Current Attempt in Progress Sheridan Company, opened an incorporated dental practice on January 1, 2017. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $780 of such services was completed but not yet billed to the Insurance companies. 2. Utility expenses incurred but not paid prior to January...