Following is the chart of accounts of A. L. Guest, M.D.: Dr. Guest completed the following transactions

Question:

Following is the chart of accounts of A. L. Guest, M.D.:

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Dr. Guest completed the following transactions during November:
Nov. 2 Bought laboratory equipment on account from Gorton Surgical Sup¬
ply Company, $1,075.50.
3 Paid office rent for the month, $700.
3 Received cash on account from patients, $2,082.
5 Bought bandages and other supplies on account from Wiley Com¬
pany, $88.75.
9 Received and paid bill for laboratory analyses, $274.50.
12 Paid cash for a one-year property insurance policy, $129.
13 Billed patients on account for professional services rendered, $2,367.
16 Received cash for professional services, $281. (Patients were not billed previously.)
17 Part of the laboratory equipment purchased on November 2 was defective; returned equipment and received a reduction in bill, $73.
30 Paid monthly salary of part-time nurse, $980.
30 Received and paid telephone bill for the month, $42.
30 Billed patients on account for professional services rendered, $1,527.
30 Dr. Guest withdrew cash for personal use, $1,012.
Instructions 1. Journalize the transactions for November beginning with page 21.
2. Post the entries to the ledger accounts. (Because the professional enterprise was in operation previously, the balances have been recorded in the ledger accounts. A check mark has been placed in the Post. Ref. column to represent the various pages of the journal from which the entries were posted.) Record the owner’s name beside the Capital and Drawing accounts.
3. Prepare a trial balance as of November 30.
Check Figure Trial balance total, $24,042.25 Instructions for General Ledger Software 1. Journalize the transactions in the general journal.
2. Post the entries to the general ledger.
3. Print a trial balance as of November 30.