ACCT 101 Project - Transactions / Instructions This project is a review of the accounting cycle that has been covered during class . You have two wee ! to complete the project. Please prepare all information in a professional manner and show details as needed . You must complete this project using the Excel Template ! furnished that is located in Blackboard ( save the Template to your Drive in order to work on it ) Read the entire project and review all information prior to starting . On August 2, 20 xx, JetTy Andrews , a dentist , opened a dental office . The following transactions were completed during the first month of operations :" Aug 2 Jerry invested $ 20,000 cash and $13, 200 worth of dental equipment in the business in exchange for common stock in a new corporation called J. A. Dentist , Inc . Aug 3 Paid two months' rent of $2, 000 . Aug 4 Purchased $1, 000 of dental supplies and paid cash Aug 4\\ Paid insurance premiums of $3, 600 for a 1 - year insurance policy . Aug 6 Earned and collected dental fees of $14, 600 in cash during the week . Aug 9 Paid secretary a salary of $1 , 200 . Aug 10 Purchased $300 of dental supplies on account . Aug 1 1\\ Purchased an automobile for business use . It cost $13, 000. Jerry paid $3, 000 cash and signed a note payable for the balance . Aug 13\\ Received a $240 telephone bill that will be paid later in the month . Aug 13 _Billed customers $6, 000 for dental fees earned during the week . Aug 16 Received a $150 electric bill that will be paid later in the month. Aug 18\\ Paid $300 for dental supplies purchased on Aug 10 . Aug 20 Earned and collected dental fees of $4, 500 in cash during the week . Aug 23 Paid secretary a salary of $1 , 200 . Aug 23 Received a $75 water bill that will be paid in September. Aug 24 Paid $450 for advertising in a local newspaper . Aug 25 Received $2, 500 from customers on account . Aug 27\\ _Paid a dividend of $3. 500 to Jerry Andrew the sole stockholder . Aug 30 _Paid the telephone and utility bills . Aug 30 Billed customers $2. 000 for dental fees earned during the week . Aug 31\\ Received $1, 500 from customers on account .ACCT 101 Project - Transactions / Instructions This project is a review of the accounting cycle that has been covered during class . You have two wee ! to complete the project. Please prepare all information in a professional manner and show details as needed . You must complete this project using the Excel Template ! furnished that is located in Blackboard ( save the Template to your Drive in order to work on it ) Read the entire project and review all information prior to starting . On August 2, 20 xx, JetTy Andrews , a dentist , opened a dental office . The following transactions were completed during the first month of operations :" Aug 2 Jerry invested $ 20,000 cash and $13, 200 worth of dental equipment in the business in exchange for common stock in a new corporation called J. A. Dentist , Inc . Aug 3 Paid two months' rent of $2, 000 . Aug 4 Purchased $1, 000 of dental supplies and paid cash Aug 4\\ Paid insurance premiums of $3, 600 for a 1 - year insurance policy . Aug 6 Earned and collected dental fees of $14, 600 in cash during the week . Aug 9 Paid secretary a salary of $1 , 200 . Aug 10 Purchased $300 of dental supplies on account . Aug 1 1\\ Purchased an automobile for business use . It cost $13, 000. Jerry paid $3, 000 cash and signed a note payable for the balance . Aug 13\\ Received a $240 telephone bill that will be paid later in the month . Aug 13 _Billed customers $6, 000 for dental fees earned during the week . Aug 16 Received a $150 electric bill that will be paid later in the month. Aug 18\\ Paid $300 for dental supplies purchased on Aug 10 . Aug 20 Earned and collected dental fees of $4, 500 in cash during the week . Aug 23 Paid secretary a salary of $1 , 200 . Aug 23 Received a $75 water bill that will be paid in September. Aug 24 Paid $450 for advertising in a local newspaper . Aug 25 Received $2, 500 from customers on account . Aug 27\\ _Paid a dividend of $3. 500 to Jerry Andrew the sole stockholder . Aug 30 _Paid the telephone and utility bills . Aug 30 Billed customers $2. 000 for dental fees earned during the week . Aug 31\\ Received $1, 500 from customers on account