Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current Attempt in Progress Whispering Winds Corp- opened an incorporated dental practice cn January 1.2022. During the ficst month of operations, the followirg transactions occurred.

image text in transcribed
image text in transcribed
image text in transcribed
Current Attempt in Progress Whispering Winds Corp- opened an incorporated dental practice cn January 1.2022. During the ficst month of operations, the followirg transactions occurred. 1. Performed yervices for patients who had dental plan insurance. At January 31,$743 of such servipes was completed but not yet billed to the insurance companies. 2. Utility expenses incurred but not paid or recorded priar to Jantary 31 totaled 3441. 3. Purchased dental equiproent on Jaruary 1 for $78,400,9aying.519.000 incash and signing o $58.800,3 - yar note parabie. tinterest is paid each December 31 . The equipmert depreciates 3992 per manth interest 35490 per month 4. Purchaned a 1year malpraction imurinte policy on dandary 1 for $23,520. 45. Purchased 51715 of dentarsupolies (recorded at incease to Supqliea) On annuary 31 , deterininew that 5539 af supplies were on hand Question 4 of 8 No. Date Account Titles and Explanation 1. Jan. 31 2. Jan: 31 3. Tan.31 (To record depreciation expensel (To record interest expense) 4. Jan. 31. 5. Jan. 31 eTextbookand Media tist of Accounts Attempts: unlimited

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Real Estate Investing Market Analysis Valuation Techniques And Risk Management

Authors: Benedetto Manganelli

1st Edition

3319063960,3319063979

More Books

Students also viewed these Finance questions