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AFAP John Daniel opened a medical practice in Sacramento, California, and had the following transactions during the month of January: (Click the icon to view
AFAP
John Daniel opened a medical practice in Sacramento, California, and had the following transactions during the month of January: (Click the icon to view the January transactions.) Journalize the transactions of John Daniel, M.D. Include an explanation with each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 1: The business received $34,000 cash and issued common stock to Daniel. Date Accounts and Explanation Jan. 1 Debit Credit More Info Jan. 1 Jan. 2 Jan. 4 The business received $34,000 cash and issued common stock to Daniel. Purchased medical supplies on account, $17,000. Performed services for patients receiving $1,600. Paid monthly office rent of $3,000. Recorded $7,000 revenue for services rendered to patients on account. Jan. 2: Purchased medical supplies on account, $17,000. Date Accounts and Explanation Jan. 12 Jan. 15 Debit Credit Jan. 2 Print Done Jan. 4: Performed services for patients receiving $1.600. Journalize the transactions of John Daniel, M.D. Include an explanation with each entry. (Record debits first, then credits. Sel Accounts and Explanation Debit Credit Jan. 4 Jan. 12: Paid monthly office rent of $3,000. Date Accounts and Explanation Jan. 12 Debit Credit Jan. 15: Recorded $7,000 revenue for services rendered to patients on account. Date Accounts and Explanation Jan. 15 Debit CreditStep by Step Solution
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