Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Current Attempt in Progress Emily Valley is a licensed dentist. During the first month of operation of her business, the following events and transactions occurred.
Current Attempt in Progress Emily Valley is a licensed dentist. During the first month of operation of her business, the following events and transactions occurred. Apr.1 Invested $15.200 cash in her business 1 Hired a secretary-receptionist at a salary of $530 per week, payable monthly 2 Paid office rent for the month of $800, 3 Purchased dental supplies on account from Dazzle Company of $3,000. 10 Performed dental services and billed insurance companies $3.900. 11 Received $800 cash advance from Leah Mataruka for an implant. 20 Received $1.600 cash for services performed from Michael Santos. 30 Paid secretary-receptionist $2.120 for the month. 30 Paid $1,800 to Dazzle for accounts payable due Emily uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies. No 201 Accounts Payable, No. 209 Unearned Revenue 301 E. Valley, Capital, No. 400 Service Revenue, No. 726 Salaries Expense, and No. 729 Rent Expense. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually if no entry is required, select "No Entry account titles and enter for the amounts. Record journal entries in the order presented in the problem.) s.com/courses/23010/assignments/2791321 module item_id=10066239 Credit Date Debit Account Titles and Explanation (Invested in the business) (Hired a secretary-receptionist) R $ 529 (Paid secretary-receptionist salary) (Paid Dazzle on account) e Textbook and Media Post the journal entries to the ledger accounts (Post entries in the order of Journal entry presented in the previous part) courses/28010/assignments/2791321 module item id = 10066239 Post the journal entries to the ledger accounts. (Post entries in the order of Journal entry presented in the previous part) No. 101 Cash Date Explanation Ref Debit Credit Balance on Ref No. 112 Balance Debit Debit Credit Accounts Receivable Date Explanation Ref 31 Supplies Date Explanation Ref No. 126 Debit Credit Explanation Ref Explanation Ref Debit Debit Cro de Accounts Payable Date Explanation Ref No. 201 Debit Credit Balance No. 209 Balance Debit Credit Unearned Revenue Date Explanation Ref JI Evalamita Fes/28010/assignments/2791321?module_item_id=10066239 No. E. Valley, Capital Date Explanation Ref Debit Credit Balance J1 Service Revenue Date Explanation Ref No. 41 Balance Debit Credit J1 No. 720 Balance Debit Credit Salaries Expense Date Explanation Ref 31 Rent Expense Date Explanation Ref No. 729 Balance JI e Textbook and Media Prepare a trial balance at April 30, 2021. EMILY VALLEY, DENTIST s.com/courses/2010/ gments/27913212module item id=10066229 Prepare a trial balance at April 30, 2021 EMILY VALLEY, DENTIST Trial Balance Debit Credit Totals e Textbook and Media Attempts:O of
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started