Answer:-
No. | Date | Accounts Titles and Explanation | Debit | Credit |
1 | Jan 31 | Account Receivable A/c Dr | 940 | |
To Service Revenue A/c | 940 | |||
(Being revenue entry passed) | ||||
2 | Jan 31 | Utilities Expense A/c Dr | 660 | |
To Utilities Payable A/c | 660 | |||
(Being utilities expenses recorded) | ||||
3a | Jan 31 | Depreciation Expense A/c | 600 | |
To Accumulated Depreciation A/c | 600 | |||
(Being depreciation expenses recorded) | ||||
3b | Jan 31 | Interest Expense A/c Dr | 500 | |
To Interest Payable A/c | 500 | |||
(Being interest expenses recorded) | ||||
4 | Jan 31 | Insurance Expense A/c Dr | 2,000 | |
To Prepaid Insurance A/c | 2,000 | |||
(Being insurance expenses charged) | ||||
5 | Jan 31 | Supplies Expense A/c | 1660 | |
To Supplies A/c | 1,660 | |||
(Being supplies expenses charged) |
List Of Accounts
1 Account Receivable A/c
2 Service Revenue A/c
3 Utilities Expense A/c
4 Utilities Payable A/c
5 Depreciation Expense A/c
6 Accumulated Depreciation A/c
7 Interest Expense A/c
8 Interest Payable A/c
9 Insurance Expense A/c
10 Prepaid Insurance A/c
11 Supplies Expense A/c
12 Supplies A/c
Pina Colada Corp., opened an incorporated dental practice on January 1, 2022. During the first month...
1 Novak Corp, opened an incorporated dental practice on January 1, 2022. During the first month of operations, the following transactions occurred Performed services for patients who had dental plan insurance. At January 31, $930 of such services was completed but not yet billed to the insurance companies. Utility expenses incurred but not paid prior to January 31 totaled $520. Purchased dental equipment on January 1 for $87,600, paying $28,250 in cash and signing a $59,350, 3-year note payable (interest...
Marigold Corp., opened an incorporated dental practice on January 1, 2022. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $890 of such services was completed but not yet billed to the insurance companies. 2. Utility expenses incurred but not paid prior to January 31 totaled $670. 3. Purchased dental equipment on January 1 for $85,500, paying $29,250 in cash and signing a $56,250, 3-year note...
Oriole Company, opened an incorporated dental practice on January 1, 2022. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $790 of such services was completed but not yet billed to the insurance companies. 2. Utility expenses incurred but not paid prior to January 31 totaled $610. 3. Purchased dental equipment on January 1 for $89,500, paying $25,200 in cash and signing a $64,300, 3-year note...
Exercise 4-10 Splish Brothers Inc., opened an incorporated dental practice on January 1, 2022. During the first month of operations, the following transactions occurred. 1. 2. 3. Performed services for patients who had dental plan insurance. At January 31, $900 of such services was completed but not yet billed to the insurance companies. Utility expenses incurred but not paid prior to January 31 totaled $530. Purchased dental equipment on January 1 for $82,600, paying $23,200 in cash and signing a...
1. 3. Exercise 4-10 Sheridan Company, opened an incorporated dental practice on January 1, 2022. During the first month of operations, the following transactions occurred. Performed services for patients who had dental plan insurance. At January 31, $780 of such services was completed but not yet billed to the insurance companies. 2. Utility expenses incurred but not paid prior to January 31 totaled $610. Purchased dental equipment on January 1 for $89,500, paying $28,150 in cash and signing a $61,350,...
Kingbird, Inc., opened a dental practice on January 1, 2020. During the first month of operations, the following transactions occurred. 1. 2. 3. 4. 5. Performed services for patients who had dental plan insurance. At January 31, $810 of such services were performed but not Utility expenses incurred but not paid prior to January 31 totaled $670. Purchased dental equipment on January 1 for $82,000, paying $22,000 in cash and signing a $60,000, 3-year note payable. TI Purchased a one-year...
Sunland Company, opened an incorporated dental practice on January 1, 2017. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $900 of such services was completed but not yet billed to the insurance companies. 2. Utility expenses incurred but not paid prior to January 31 totaled $790. 3. Purchased dental equipment on January 1 for $86,650, paying $22,200 in cash and signing a $64,450, 3-year note...
Novak Corp.opened an incorporated dental practice on January 1.2022. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31.5930 of such services was completed but not yet billed to the insurance companies 2. Utility expenses incurred but not paid prior to January 31 totaled $520 3. Purchased dental equipment on January 1 for $87600, paying $28250 in cash and signing a $59350, 3-year note payable interest is...
Karen White, D.D.S., opened a dental practice on January 1, 2020. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $734 of such services was performed but not yet billed to the insurance companies. 2. Utility expenses incurred but not paid prior to January 31 totaled $498. 3. Purchased dental equipment on January 1 for $81,000, paying $18,000 in cash and signing a $63,000, 3-year note...
Sarah Allen, D.D.S., opened a dental practice on January 1, 2020. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $749 of such services was performed but not yet billed to the insurance companies. 2. Utility expenses incurred but not paid prior to January 31 totaled $516. 3. Purchased dental equipment on January 1 for $81,000, paying $19,000 in cash and signing a $62,000, 3-year note...