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Susie Baer, physiotherapist, opened a practice. The business completed the following transactions: Oct 1Baer invested $29,000...
Marsha Solomon, a physiotherapist, opened a practice. The business completed the following transactions: May 1 Solomon...
Marsha Solomon, a physiotherapist, opened a practice. The business completed the following transactions: May 1 Solomon invested $25,000 cash to start her practice. The business issued shares to Solomon. 1 Purchased medical supplies on account totalling $9,000. 2 Paid monthly office rent of $4,000. 3 Recorded $8,000 revenue for service rendered to patients, received cash of $2,000, and sent bills to patients for the remainder. Which of the transactions of Marsha Solomon, P.T., increased the total assets of the business?...
Hannah Varitek, MD, opened a medical practice. The business completed the following transactions: Jul 1 Varitek...
Hannah Varitek, MD, opened a medical practice. The business completed the following transactions: Jul 1 Varitek invested $31,000 cash to start her medical practice. The business issued common stock to Varitek. 2 Purchased medical supplies on account totaling $8,600. 3 Paid monthly office rent of $3,500. 6 Recorded $8,000 revenue (in cash) for service rendered to patients. Begin by posting the transactions, using the date as a posting reference. Then, label and calculate the ending balance, using "Bal" as the...
AFAP John Daniel opened a medical practice in Sacramento, California, and had the following transactions during...
AFAP
John Daniel opened a medical practice in Sacramento, California, and had the following transactions during the month of January: (Click the icon to view the January transactions.) Journalize the transactions of John Daniel, M.D. Include an explanation with each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 1: The business received $34,000 cash and issued common stock to Daniel. Date Accounts and Explanation Jan. 1 Debit Credit More...
Score: 0 of 5 pts S2-5 (similar to) Lance Smith opened a medical practice in Stockton,...
Score: 0 of 5 pts S2-5 (similar to) Lance Smith opened a medical practice in Stockton, California, and had the following transactions during the month of January (Click the icon to view the January transactions.) Journalize the transactions of Lance Smith, M.D. Include an explanation with each entry. (Record debits first, then credits. Select th Jan. 1: The business received $28,000 cash and issued common stock to Smith Date Accounts and Explanation Jan. 1 Debit Credit 0 More Info Jan....
Caren Steinbeck opened a medical practice. During July, the first month of operation, the business, titled...
Caren Steinbeck opened a medical practice. During July, the first month of operation, the business, titled Caren Steinbeck, MD, experienced the following events: (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Caren Steinbeck, MD. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th, calculate the balance in each account...
Dr. Elyse Burnhart opened a medical practice. During the first month of operations (October), the business,...
Dr. Elyse Burnhart opened a medical practice. During the first month of operations (October), the business, named Dr. Elyse Burnhart, Professional Corporation (P.C.), had the following events: (Click the icon to view the events.) Calculate total assets, total liabilities, and total stockholders' equity of the business on October 31. Data Table - X Total assets ............................ Total liabilities .......................... Total stockholders' equity ..... Oct 6 9 12 15 15-31 Burnhart invested $140,000 in the business, which in turn issued its...
Dr. Elyse Burnhart opened a medical practice. During the first month of operations (October), the business,...
Dr. Elyse Burnhart opened a medical practice. During the first month of operations (October), the business, named Dr. Elyse Burnhart, Professional Corporation (P.C.), had the following events: (Click the icon to view the events.) Calculate total assets, total liabilities, and total stockholders' equity of the business on October 31. Data Table - X Total assets ............................ Total liabilities .......................... Total stockholders' equity ..... Oct 6 9 12 15 15-31 Burnhart invested $140,000 in the business, which in turn issued its...
Listed below are transactions of Zachary McDaniel, DDS since opening his practice in September 2018. Sept....
Listed below are transactions of Zachary McDaniel, DDS since opening his practice in September 2018. Sept. 1 McDaniel begins a practice as a dentist and invests $40,000 cash Sept. 2 Purchases dental equipment on account from Green Jacket Co. for $17,280, 5 year useful life, straight line method. Sept. 4 Pays rent for office space, $680 for the month. Sept. 4 Employs a receptionist, Michael Bradley. Sept. 5 Purchases dental supplies for cash $942. Sept. 8 Receive cash of $1,690...
Lauren Steinbeck opened a medical practice. During July, the first month of operation, the business, titled...
Lauren Steinbeck opened a medical practice. During July, the first month of operation, the business, titled Lauren Steinbeck, MD, experienced the following events: (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Lauren Steinbeck, MD. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th, calculate the balance in each account...
On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during...
On July 1, 2019, Pat Glenn established Half Moon Realty. Pat
completed the following transactions during the month of July:
Opened a business bank account with a deposit of $29,000 from
personal funds. Purchased office supplies on account, $2,960. Paid
creditor on account, $1,880. Earned sales commissions, receiving
cash, $30,250. Paid rent on office and equipment for the month,
$5,930. Withdrew cash for personal use, $9,000. Paid automobile
expenses (including rental charge) for the month, $2,840, and
miscellaneous expenses, $1,360....
Marsha Solomon, a physiotherapist, opened a practice. The business completed the following transactions: May 1 Solomon invested $25,000 cash to start her practice. The business issued shares to Solomon. 1 Purchased medical supplies on account totalling $9,000. 2 Paid monthly office rent of $4,000. 3 Recorded $8,000 revenue for service rendered to patients, received cash of $2,000, and sent bills to patients for the remainder. Which of the transactions of Marsha Solomon, P.T., increased the total assets of the business?...
Hannah Varitek, MD, opened a medical practice. The business completed the following transactions: Jul 1 Varitek invested $31,000 cash to start her medical practice. The business issued common stock to Varitek. 2 Purchased medical supplies on account totaling $8,600. 3 Paid monthly office rent of $3,500. 6 Recorded $8,000 revenue (in cash) for service rendered to patients. Begin by posting the transactions, using the date as a posting reference. Then, label and calculate the ending balance, using "Bal" as the...
AFAP
John Daniel opened a medical practice in Sacramento, California, and had the following transactions during the month of January: (Click the icon to view the January transactions.) Journalize the transactions of John Daniel, M.D. Include an explanation with each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 1: The business received $34,000 cash and issued common stock to Daniel. Date Accounts and Explanation Jan. 1 Debit Credit More...
Score: 0 of 5 pts S2-5 (similar to) Lance Smith opened a medical practice in Stockton, California, and had the following transactions during the month of January (Click the icon to view the January transactions.) Journalize the transactions of Lance Smith, M.D. Include an explanation with each entry. (Record debits first, then credits. Select th Jan. 1: The business received $28,000 cash and issued common stock to Smith Date Accounts and Explanation Jan. 1 Debit Credit 0 More Info Jan....
Caren Steinbeck opened a medical practice. During July, the first month of operation, the business, titled Caren Steinbeck, MD, experienced the following events: (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Caren Steinbeck, MD. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th, calculate the balance in each account...
Dr. Elyse Burnhart opened a medical practice. During the first month of operations (October), the business, named Dr. Elyse Burnhart, Professional Corporation (P.C.), had the following events: (Click the icon to view the events.) Calculate total assets, total liabilities, and total stockholders' equity of the business on October 31. Data Table - X Total assets ............................ Total liabilities .......................... Total stockholders' equity ..... Oct 6 9 12 15 15-31 Burnhart invested $140,000 in the business, which in turn issued its...
Dr. Elyse Burnhart opened a medical practice. During the first month of operations (October), the business, named Dr. Elyse Burnhart, Professional Corporation (P.C.), had the following events: (Click the icon to view the events.) Calculate total assets, total liabilities, and total stockholders' equity of the business on October 31. Data Table - X Total assets ............................ Total liabilities .......................... Total stockholders' equity ..... Oct 6 9 12 15 15-31 Burnhart invested $140,000 in the business, which in turn issued its...
Lauren Steinbeck opened a medical practice. During July, the first month of operation, the business, titled Lauren Steinbeck, MD, experienced the following events: (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Lauren Steinbeck, MD. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th, calculate the balance in each account...
On July 1, 2019, Pat Glenn established Half Moon Realty. Pat
completed the following transactions during the month of July:
Opened a business bank account with a deposit of $29,000 from
personal funds. Purchased office supplies on account, $2,960. Paid
creditor on account, $1,880. Earned sales commissions, receiving
cash, $30,250. Paid rent on office and equipment for the month,
$5,930. Withdrew cash for personal use, $9,000. Paid automobile
expenses (including rental charge) for the month, $2,840, and
miscellaneous expenses, $1,360....
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