After operating for a month, Lee Jackson, M.D., completed the following transactions during the latter part of
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After operating for a month, Lee Jackson, M.D., completed the following transactions during the latter part of July: July 15 22 30 31 31 31 Borrowed $20,000 from the bank. signing a note payable. Performed service for patients on account, $2.800. Received cash on account from patients. $1.000. Received a utility bill. $200, which will be paid during August. Paid monthly salary to nurse. $3.000. Paid interest expense of $200 on the bank loan.. Journalize the transactions of Lee Jackson, M.D. Include an explanation with each journal entry.
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Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones
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