Question

1.8973 Show Attempt History Current Attempt in Progress Emily Valley is a licensed dentist. During the first month of operation of her business, the following events and transactions occurred. Apr. 1 Invested $23,200 cash in her business. 1 Hired a secretary-receptionist at a salary of $810 per week, payable monthly 2 Paid office rent for the month of $1,300, 3 Purchased dental supplies on account from Dazzle Company of $4,600. 10 Performed dental services and billed insurance companies $5,900. 11 Received $1,200 cash advance from Leah Mataruka for an implant. 20 Received $2,400 cash for services performed from Michael Santos, 30 Paid secretary-receptionist $3,240 for the month. 30 Paid $2,800 to Dazzle for accounts payable due Emily uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Revenue, No. 301 E. Valley, Capital, No. 400 Service Revenue, No. 726 Salaries Expense, and No. 729 Rent Expense

Answer 1

Account Tittle Credit Answer: Date April-1 Cash A/C Capital A/C Debit $ 23,200 $ 23,200 April - 1 No Entry $ 1,300 April-2 Rent Expenses A/C Cash A/C $ 1,300 April -3 $ 4,600 Office Supplies A/C Account Payable A/C $ 4,600 $ 5,900 April - 10 Account Receivables A/C Service Revenue A/C $ 5,900 $ 1,200 April -11 Cash A/C Unearned Revenue A/C $ 1,200 $ 2,400 April-20 Cash A/C Revenue A/c $ 2,400 $ 3,240 April -30 Salaries and Wages Expenses A/c Cash A/C $ 3,240 $ 2,800 April -30 Account Payabale A/c Cash A/C $ 2,800