E2-22A (similar to) D Amanda Favat opened a medical practice specializing in physical therapy. During the first month of operation (October), the business, fed Dr. Ananda Favate, Professional Corporation (PC), experienced the following events Click the icon to view the events Click the con lo view the journal entre) Read more 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 months occurring on the last day of the month) Calculate the balance for each out and on the coropriate side of each T-acourt Can Accounts Payable Service Revenue Accounts Receivable Note Payable Salary Expert Medical Supplies Common Stor Rent Expense Us Expen 2 ctions by date. Determine the ending balance in each account. (Record transactions from the More Info Oct 6 Favata invested $142,000 in the business, which in turn issued its common stock to her. 9 The business paid cash for land costing $60,000. Favata plans to build an office building on the land. 12 The business purchased medical supplies for $1,900 on account. 15 Dr. Amanda Favata, P.C., officially opened for business. 15-31 During the rest of the month, Favata treated patients and earned service revenue of $9,000, receiving cash for half the revenue earned. 15-31 The business paid cash expenses: employee salaries, $2,800; office rent, $1,300; utilities, $1,400. 31 The business sold medical supplies to another physician for cost of $300 and received cash. 31 The business borrowed $32,000, signing a note payable to the bank. 31 The business paid $1,500 on account. ayabl mon Sto Print Done Utilities Expense i Reference Journal Entry Accounts and Explanations Date Debit Credit Oct 6 Cash Common Stock 142,000 142,000 Issued stock to owner. Oct 9 Land 60,000 Cash 60,000 Purchased land. Oct 1,900 1,900 12 Medical Supplies Accounts Payable Purchased supplies on account. 15 No entry required 31 (a) Cash Accounts Receivable Oct Oct 4,500 4,500 9.000 Oct Service Revenue Performed service for cash and on account. 31 (b) Salary Expense Rent Expense Utilities Expense Cash Pald expenses 31 (c) Cash 2.800 1,300 1,400 5,500 Oct 300 put field Print Done E2-22A (similar to) D Amanda Favat opened a medical practice specializing in physical therapy. During the first month of operation (October), the business, fed Dr. Ananda Favate, Professional Corporation (PC), experienced the following events Click the icon to view the events Click the con lo view the journal entre) Read more 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 months occurring on the last day of the month) Calculate the balance for each out and on the coropriate side of each T-acourt Can Accounts Payable Service Revenue Accounts Receivable Note Payable Salary Expert Medical Supplies Common Stor Rent Expense Us Expen 2 ctions by date. Determine the ending balance in each account. (Record transactions from the More Info Oct 6 Favata invested $142,000 in the business, which in turn issued its common stock to her. 9 The business paid cash for land costing $60,000. Favata plans to build an office building on the land. 12 The business purchased medical supplies for $1,900 on account. 15 Dr. Amanda Favata, P.C., officially opened for business. 15-31 During the rest of the month, Favata treated patients and earned service revenue of $9,000, receiving cash for half the revenue earned. 15-31 The business paid cash expenses: employee salaries, $2,800; office rent, $1,300; utilities, $1,400. 31 The business sold medical supplies to another physician for cost of $300 and received cash. 31 The business borrowed $32,000, signing a note payable to the bank. 31 The business paid $1,500 on account. ayabl mon Sto Print Done Utilities Expense i Reference Journal Entry Accounts and Explanations Date Debit Credit Oct 6 Cash Common Stock 142,000 142,000 Issued stock to owner. Oct 9 Land 60,000 Cash 60,000 Purchased land. Oct 1,900 1,900 12 Medical Supplies Accounts Payable Purchased supplies on account. 15 No entry required 31 (a) Cash Accounts Receivable Oct Oct 4,500 4,500 9.000 Oct Service Revenue Performed service for cash and on account. 31 (b) Salary Expense Rent Expense Utilities Expense Cash Pald expenses 31 (c) Cash 2.800 1,300 1,400 5,500 Oct 300 put field Print Done