For each of the service business transactions of a medical doctor listed below, you are to enter in the Workbook:

a the account name, with the debit account first b whether the account entry is a debit or credit c the chart of account group name; that is, CA, NCA, CL, NCL, OE, R, E d whether the entry is an increase or decrease to the account balance.

Where appropriate, assume any purchase of supplies is expensed against the supply being purchased.

The business transactions are listed below.

– Purchased medical and surgery supplies paying by debit card

– Remitted salary to receptionist

– Repairs to doctor’s motor vehicle on credit

– Fees were received from consultations

– Received stationery on credit

– Remitted payment for surgical supplies previously received on credit The first entry for this question is completed as an example.

Transcribed Image Text:

Business Transaction Account Names Debit or Credit Purchased medical and surgery supplies paying by debit card Medical and Surgery Supplies debit Bank credit Chart of Account Group E CA Account Increase or Decrease increase decrease