Davis & Bell began a health clinic as a corporation in 2014. Several transactions which occurred early in
2014 are descibed below. Record each transaction in proper journal entry form, excluding written
explanations.
Required: 5 points each
Record each transaction in proper journal entry form, excluding written explanations.
A	1/15/2014	Stockholders invested $90,000 in the business and received shares of common
		stock as evidence of ownership.
B	2/1/2014	Rent of $2,000 was paid for the month of February
C	2/10/2014	Equipment with a cost of $10,000 was purchased on credit; payment is due
		in 30 days.
D	2/14/2014	Fees totaling $5,500 were billed to patients; $3,000 was collected immediately
		and the balance of $2,500 is due within 30 days.
E	2/19/2014	Full payment was made for the equipment purchased on February 10th.