rest Jan. 1: The business received $38,000 cash and issued common stock to Smith. Date Accounts...
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....
ACG 2021 Sec 654-Petty Homework: Homework CH2 Score: 0 of 5 pts S2-5 (similar to (Click the icon to view the January transacions Debit Credit More Info Jan 1 The besiness received $38,000 cash and issued common stock to Wright 2 Purchased medical supplies on account, $18,000 4 Performed services for patients receiving $1,600 12 Paid monthly office rent of $2,700 15 Recorded $7,000 revenue for services rendered to patients on account Print Done nd then click Check Answer Clear...
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...
debit/ credit table
More Info Nov. 1 The business received $10,000 cash and issued common stock. 15 Purchased office supplies on account, $400. 18 Paid advertising bill, $150. 20 Received $1,000 from customers for services rendered. 28 Cash dividends of $500 were paid to stockholders. Print Done
4. 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 Debit Credit Jan. 1 a...
a. Received $10,300 cash for consulting services rendered in January b. Issued common stock to investors for $16,500 cash. c. Purchased $15,300 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $12,100 cash for consulting services to be performed in February e. Bought and received $1,030 of supplies on account. Received utility bill for January for $2,190, due February 15. g. Consulted for customers in January for fees totaling...
The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $48,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $17,400 cash. Apr. 10 Purchased $880 of supplies on account. July 1 Received $28,000 cash in advance for services to be provided over the next year. 20 Paid $660 of the accounts payable from April 10. Aug. 15 Billed a customer $9,300 for...
The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $48,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $17,400 cash. Apr. 10 Purchased $880 of supplies on account. July 1 Received $28,000 cash in advance for services to be provided over the next year. 20 Paid $660 of the accounts payable from April 10. Aug. 15 Billed a customer $9,300 for...
More Info Oct 2 Johnson Services received $65,000 cash and issued common stock to the stockholders 3 Purchased supplies, $700, and equipment, $12,300, on account. 4 Performed services for a customer and received cash, $5,700 7 Paid cash to acquire land, $35,000. 11 Performed services for a customer and billed the customer, $3,100. Johnson expects to collect within one month. 16 Paid for the equipment purchased October 3 on account. 17 Paid for newspaper advertising, $620 18 Received partial payment...
The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $52,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $16,400 cash. Apr. 10 Purchased $790 of supplies on account. July 1 Received $29,500 cash in advance for services to be provided over the next year 20 Paid $593 of the accounts payable from April 10. Aug. 15 Billed a customer $10,200 for...