Dr. Bernice Maglin opened a medical practice specializing in physical therapy. During the first month of operation (January), the business, titled Dr. Bernice Maglin
Dr. Bernice Maglin opened a medical practice specializing in physical therapy. During the first month of operation (January), the business, titled Dr. Bernice Maglin Professional Corporation (P.C.), experienced the following events (Click the icon to view the events.) Requirement 1. Record the transactions in the journal of Dr. Bernice Maglin, PC. List the transactions by date and give an explanation for each transaction. (Record debits first, then credits. Select explanations on the last line of the journal entry table. If an entry is not required, select "No entry required" on the first line of the table and leave all other fields blank.) Jan 6: Maglin invested $142,000 in the business, which in turn issued its common stock to her. Date Jan Journal Entry Accounts and Explanations Debit Credit
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