Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Ms Robika is a professional dentist, she opened a new dental clinic in a small town on first April 2019. During the first month

image text in transcribed

2. Ms Robika is a professional dentist, she opened a new dental clinic in a small town on first April 2019. During the first month of the operation of her business, the following events and transactions occurred April. 1. Invested $120.000 cash. 1 Hired a secretary-receptionist at a salary of $1800 per week payable monthly 2 Paid office rent for the month $3.000 3 Purchased dental supplies on account from Smile Company $12,000 10 Provided dental services and billed insurance companies $15,300. 11 Received $3,000 cash advance from Trudy Borke for an implant. 20 Received $6,300 cash for services completed and delivered to John Stanley 30 Paid secretary-receptionist for the month $7,200. 30 Paid $4,800 to Smile Company for accounts payable due Instructions: (a) Journalize the transactions. (b) Post to the ledger accounts (c) Prepare a trial balance on April 30, 2010 Journal Book Account Titles and Explanation Ref Debit Credit Date Ledger Accounts Ref. Date Explanation Debit Credit Balance Trial Balance Particulars Debit Credit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

GMP Audit Trainer Good Manufacturing Practices Made Easy

Authors: Mr Brendan Cooper

1st Edition

1548711934, 978-1548711931

More Books

Students also viewed these Accounting questions