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Bonita is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested
Bonita is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $21,000 cash in her business. 1 Hired a secretary-receptionist at a salary of $600 per week payable monthly 2 Paid office rent for the month $1,300. 3 Purchased dental supplies on account from Dazzle Company $3,000. 10 11 20 Performed dental services and billed insurance companies $4,700. Received $1,300 cash advance from Leah Mataruka for an implant. 28 Received $2,500 cash for services performed from Michael Santos. 30 Paid secretary-receptionist for the month $2,400. 30 Paid $2,000 to Dazzle for accounts payable due.
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