Question

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 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.

Answer 1

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
AT 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