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Emily Valley is a licensed dentist. During the first month of operation of her business, the following events and transactions occurred. Apr. 1 Invested $22,000
Emily Valley is a licensed dentist. During the first month of operation of her business, the following events and transactions occurred. Apr. 1 Invested $22,000 cash in her business Hired a secretary-receptionist at a salary of $770 per week, payable monthly. Paid office rent for the month of $1,200. 3 1 2 Purchased dental supplies on account from Dazzle Company of $4,400. Performed dental services and billed insurance companies $5,600. 11 100 Received $1,100 cash advance from Leah Mataruka for an implant. 20 Received $2,300 cash for services performed from Michael Santos Paid secretary-receptionist $3,080 for the month. Paid $2,600 to Dazzle for accounts payable due. 30 30 Emily uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Revenue, No. 301 E. Valley, Capital, No. 400 Service Revenue, No. 726 Salaries Expense, and No. 729 Rent Expense. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem) Credit Debit Account Titles and Explanation Date (Invested in the business) (Hired a secretary-receptionist) (Hired a secretary-receptionist) (Paid secretary-receptionist salary) (Paid Dazzle on account) Post the journal entries to the ledger accounts. (Post entries in the order of Journal entry presented in the previous part.) Cash No. 101 Date Explanation Ref Debit Credit Balance J1 J1 J1 J1 J1 Accounts Receivable No. 112 Balance Explanation Ref Debit Credit Date No. 126 Supplies Credit Balance Explanation Ref Debit Date 01 No. 201 Accounts Payable Credit Balance Debit Date Explanation Ref J1 J1 No. 209 Unearned Revenue Balance Credit Debit Explanation Ref Date 1 J1 Unearned Revenue No. 209 Date Explanation Ref Debit Credit Balance J1 E. Valley,Capital No. 301 Date Explanation Ref Debit Credit Balance J1 Service Revenue No. 400 Date Explanation Ref Debit Credit Balance J1 J1 Salaries Expense No. 726 Balance Credit Debit Explanation Ref Date J1 No.729 Rent Expense Balance Credit Debit Explanation Ref Date J1 Prepare a trial balance at April 30, 2021 EMILY VALLEY, DENTIST Trial Balance Debit Credit $ Totals $ $ eTextbook and Media 4 A
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