{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T07:23:07-04:00", "answer_date": "2024-06-28 07:23:07", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4262682", "url": "\/study-help\/questions\/2-dr-rizal-a-dentist-started-his-own-business-running-4262682", "question_creation_date_js": "2024-06-28T07:23:07-04:00", "question_creation_date": "Jun 28, 2024 07:23 AM", "meta_title": "[Solved] 2. Dr. Rizal, a dentist, started his own | SolutionInn", "meta_description": "Answer of - 2. Dr. Rizal, a dentist, started his own business running a dental clinic on 1 January 2015. The business transactions | SolutionInn", "meta_keywords": "2,dr,rizal,dentist,started,business,running,dental,clinic,1,january,2015", "question_title_h1": "2. Dr. Rizal, a dentist, started his own business running a dental clinic on 1 January 2015. The business transactions for the month are as", "question_title": "2. Dr. Rizal, a dentist, started his own business running a dental", "question_title_for_js_snippet": "2 Dr Rizal, a dentist, started his own business running a dental clinic on 1 January 2015 The business transactions for the month are as shown below Date Transactions Dr Rizal started the business with AED200,000 initial capitals in the bank 4 Dr Rizal purchased office furniture and fitting worth AED30,000 on credit from TSOP Office 5 Dr Rizal purchased dental instruments for AED32,000 on credit from Gigi Enterprise 16 Dr Rizal billed patients AED8,500 for services rendered, of which he received AED2,500 in cash, and the balance was billed on account (due in 30 days) 28 Paid utilities bills with AED1,500 cash 31 Paid clinical assistants AED3,600 for salaries of January with cheques Required Analyze the effects that each of these transactions will have on the accounting equation of the business Organize your answer in tabular form Hint (Assets Expenses Liabilities Capitals Revenues) ", "question_description": "

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\"image<\/div><\/div><\/div> 2. Dr. Rizal, a dentist, started his own business running a dental clinic on 1 January 2015. The business transactions for the month are as shown below: Date Transactions Dr. Rizal started the business with AED200,000 initial capitals in the bank. 4 Dr. Rizal purchased office furniture and fitting worth AED30,000 on credit from TSOP Office. 5 Dr. Rizal purchased dental instruments for AED32,000 on credit from Gigi Enterprise. 16 Dr. Rizal billed patients AED8,500 for services rendered, of which he received AED2,500 in cash, and the balance was billed on account (due in 30 days). 28 Paid utilities bills with AED1,500 cash. 31 Paid clinical assistants AED3,600 for salaries of January with cheques. Required: Analyze the effects that each of these transactions will have on the accounting equation of the business. Organize your answer in tabular form. [Hint: (Assets + Expenses = Liabilities + Capitals + Revenues)]", "transcribed_text": "", "related_book": { "title": "Managerial Accounting Tools for Business Decision Making ", "isbn": "1118856996, 978-1118856994", "edition": "4th Canadian edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1190.jpg", "uri": "\/textbooks\/managerial-accounting-tools-for-business-decision-making-4th-canadian-edition-1190", "see_more_uri": "" }, "free_related_book": { "isbn": "1844072304", "uri": "\/textbooks\/un-millennium-development-library-a-home-in-the-city-1st-edition-978-1844072309-286295", "name": "Un Millennium Development Library A Home In The City", "edition": "1st Edition" }, "question_posted": "2024-06-28 07:23:07", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/what-are-the-two-extreme-approaches-that-a-company-might", "description": "What are the two extreme approaches that a company might follow in determining appropriate accounting policies for preparing its initial set of IFRS financial statements?", "stars": 3 }, { "url": "\/study-help\/biostatistics\/in-each-of-the-scenarios-below-determine-whether-or-not-1981145", "description": "In each of the scenarios below, determine whether or not the observed sample provides sufficient evidence for rejecting the null hypothesis. 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