Dr. Ava Cohen opened a medical practice specializing in physical therapy. During the first month of operation (December), the business, titled Dr. Ava Cohen, Professional Corporation (P.C.), experienced the following events: (Click the icon to view the events.) (Click the icon to view the journal entries.) Read the requirements. Requirement 1. Post the entries to the ledger, using T-accounts. Key transactions by date. Determine the ending balance in each account. (Record transactions from the 15-31 of the month as occurring on the last day of the month.) Calculate the balance for each account and enter it on the appropriate side of each T-account. Cash Accounts Payable Service Revenue Accounts Receivable Note Payable Salary Expense Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer Dr. Ava Cohen opened a medical practice specializing in physical therapy. During the first month of operation (December), the business, titled Dr. Ava Cohen, Professional Corporation (P.C.), experienced the following events: (Click the icon to view the events.) (Click the icon to view the journal entries.) Read the requirements. Accounts Receivable Note Payable Salary Expense Medical Supplies Common Stock Rent Expense Land Utilities Expense Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer Dr. Ava Cohen opened a medical practice specializing in physical therapy. During the first month of operation (December), the business, titled Dr. Ava Cohen, Professional Corporation (P.C.), experienced the following events: (Click the icon More Info Read the requirer Accoy ense Med ense Dec 6 Cohen invested $143,000 in the business, which in turn issued its common stock to her. 9 The business paid cash for land costing $56,000. Cohen plans to build an office building on the land. 12 The business purchased medical supplies for $1,900 on account. 15 Dr. Ava Cohen, P.C., officially opened for business. 15-31 During the rest of the month, Cohen treated patients and earned service revenue of $8,700, receiving cash for half the revenue earned. 15-31 The business paid cash expenses: employee salaries, $2,500; office rent, $1,500; utilities, $1,800. 31 The business sold medical supplies to another physician for cost of $100 and received cash. 31 The business borrowed $31,000, signing a note payable to the bank. 31 The business paid $600 on account. pense Print Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer Dr. A i Reference - busi Rea Journal Entry Date Accounts and Explanations Debit Credit Dec 6 Cash 143,000 Common Stock 143,000 Issued stock to owner. Dec 9 Land 56,000 Cash 56,000 Dec 1,900 Purchased land. 12 Medical Supplies Accounts Payable Purchased supplies on account. 1,900 Dec 15 No entry required Dec 31 (a) Cash 4,350 4,350 Accounts Receivable Service Revenue 8,700 Performed service for cash and on account. Chod Print Done Done 2 rentang Dr. A i Reference busi TOUUTTU TUTVUDIO T,VU Real Service Revenue 8,700 Performed service for cash and on account. Dec 2,500 31 (b) Salary Expense Rent Expense Utilities Expense 1,500 1,800 Cash 5,800 Paid expenses. Dec 100 100 Dec 31,000 31 (c) Cash Medical Supplies Sold supplies. 31 (d) Cash Note Payable Borrowed money. 31 (e) Accounts Payable Cash 31,000 Dec 600 600 Paid on account. Chod Print Done Done 2 rentang
