Question
Case: Dr. Ahmad, organized Hearts Clinic Attock. three years ago to practice cardiology. During April 2021, Hearts Clinic Attock. completed the following transactions: Apr. 1.
Case: Dr. Ahmad, organized Hearts Clinic Attock. three years ago to practice cardiology. During April 2021, Hearts Clinic Attock. completed the following transactions:
Apr. 1. Paid office rent for April, $1800.
3. Purchased equipment on account, $2,800.
5. Received cash on account from patients, $4,500, 8. Purchased X-ray film and other supplies on account, $400.
12. Paid cash to creditors on account, $2,000.
17. Paid cash for renewal of a six-month property insurance policy, $600. 20. Received cash $1,250 in advance (unearned fees) from patients for their medical checkups.
24. Paid cash for laboratory analysis, $150.
27. Paid dividends, $2,000.
30. Recorded the cash received for the check-up fees of services offered to patients during April,
$3,200.
30. Paid salaries of receptionist and nurses, $1.500.
30. Paid various utility expenses, $450.
30. Recorded fees charged to patients on account for services performed in April, $7.500.
30. Paid miscellaneous expenses, $100.
Hearts Clinic Attock's account titles, numbers, and balances as of April 1 (all normal balances) are listed as follows:
Case: Dr. Ahmad, organized Hearts Clinic Attock. three years ago to practice cardiology. During April 2021, Hearts Clinic Attock. completed the following transactions: Apr. 1. Paid office rent for April, $1800. 1 3. Purchased equipment on account, $2,800. 5. Received cash on account from patients, $4,500. 8. Purchased X-ray film and other supplies on account, $400. 12. Paid cash to creditors on account, $2,000. 17. Paid cash for renewal of a six-month property insurance policy, $600. 20. Received cash $1,250 in advance (unearned fees) from patients for their medical checkups. 24. Paid cash for laboratory analysis, $150. 27. Paid dividends, $2,000. 30. Recorded the cash received for the check-up fees of services offered to patients during April, $3,200. 30. Paid salaries of receptionist and nurses, $1,500. 30. Paid various utility expenses, $450. 30. Recorded fees charged to patients on account for services performed in April, $7,500. 30. Paid miscellaneous expenses, $100. Hearts Clinic Attock's account titles, numbers, and balances as of April 1 (all normal balances) are listed as follows: Cash 4,123 Accounts Receivable 6,725 Supplies 290 Prepaid Insurance 465 Equipment 19,745 Accounts Payable 765 Accumulated Depreciation: Equipment 0 Unearned Fees 0 Common Stock 10,000 Retained Earnings 20,583 Dividends 0 Wages Payable 0 Salary Expense 0 Check-up Fees Earned 0 Laboratory Expense 0 Rent Expense 0 Miscellaneous Expense 0 Utilities Expense 0 Supplies Expense 0 Insurance Expense 0 Depreciation Expense 0 Wages Expense 0 Required: 2 Required: 2. 1. Journalize each transaction in a two-column journal. (Format Given Below). (14) General Journal Date Description Debit Credit 2. Post the journal entries to their respective T-ledger accounts. (Don't forget to enter the opening balances). (14) 3. Prepare an unadjusted trial balance as of April 30. (5) 4. Prepare the necessary adjusting journal entries on April 30 based on the following data: (12) . Supplies on hand at April 30, $100. Insurance expired during the month, $150. Depreciation of equipment during the month, $500. Wages accrued but not paid at April 30, $400. Accrued fees earned but not recorded at April 30, $800. Unearned fees on April 30, $350. 5. Prepare an adjusted trial balance
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