Question

P2-2B Alica Hiram is a licensed dentist During the first month of the operation of her business the following events and transactions occurred Hints: "Paid"+a decrease (Credit) to CASH. The other account (or accounts) MUST be debited (aince lotal debit amount MUST- total credit amount) If instead you you see "collected" or "received", the CASH H account is increased (debit). The other account (or accounts) MUST be credited (since total debit amount MUST total credit amount) The "chart of accounts' is the list of accoun use any other accounts (do not "make ts to be used in the problem (or in the business). Do not -up your own accounts like 'insurance used" which is NOT an account it is a description of the transaction The affected account would be INSURANCE EXPENSE if it is one of the choices listed in the "chart of accounts"). Stockholders invested $40,000 cash in exchange for common stock. 1 Hired a secretary-receptionist at a salary of $600 per week payable monthly 2 Paid office rent for the month $1,.700 3 Purchased dental supplies on account from Jennings Company $5,200. 10 Performed dental services and billed insurance companies $6,600. 11 Received $1.200 cash advance from Bob Carow for an implant. 20 Received $2,100 cash for dental services performed for Ryan Banks. April 1 30 30 Paid secretary-receptionist for the month $2,400. Paid $2,200 to Jennings Company for accounts payable due.

please answer all squares

Answer 1

Journal Entries
Date	Particulars	Debit($)	Credit($)
1-Apr	Common Stock	40000
	Cash		40000
	Record invested on Common stock
2-Apr	Rent Expense	1700
	Cash		1700
	Paid office rent
3-Apr	Supplies	5200
	Accounts Payable		5200
	Supplies Purchased on account from jenning Company
10-Apr	Accounts Receivable	6600
	Service Revenue		6600
	Service done
11-Apr	cash	1200
	Unearned revenue		1200
	received Cash
20-Apr	cash	2100
	Service Revenue		2100
	Cash received from ryan bank
30-Apr	Salaries & Wages Expense	2400
	cash		2400
	Paid salary
30-Apr	Accounts Payable	2200
	cash		2200
	paid to junning company

Common Stock Ladger
Date	Debit($)	Credit($)	Balance($)
1-Apr	40000		40000

Cash
Date	Debit($)	Credit($)	Balance($)
1-Apr		40000	-40000
2-Apr		1700	-41700
11-Apr	1200		-40500
20-Apr	2100		-38400
30-Apr		2400	-40800
30-Apr		2200	-43000

Rent Expense
Date	Debit($)	Credit($)	Balance($)
2-Apr	1700		1700

Supplies
Date	Debit($)	Credit($)	Balance($)
3-Apr	5200		5200

Accounts Payable
Date	Debit($)	Credit($)	Balance($)
3-Apr		5200	-5200
30-Apr	2200		-3000

Accounts Receivable
Date	Debit($)	Credit($)	Balance($)
10-Apr	6600		6600

Service Revenue
Date	Debit($)	Credit($)	Balance($)
10-Apr		6600	-6600
20-Apr		2100	-8700

Unearned revenue
Date	Debit($)	Credit($)	Balance($)
11-Apr		1200	-1200

Salaries & Wages Expense
Date	Debit($)	Credit($)	Balance($)
30-Apr	2400		2400

Trail Balance
Particulars	Debit($)	Credit($)
Cash		43000
Common Stock	40000
Rent Expense	1700
Supplies	5200
Accounts Payable		3000
Accounts Receivable	6600
Service Revenue		8700
Unearned revenue		1200
Salaries & Wages Expense	2400
	55900	55900