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Helen Garland, MD, opened a medical practice. The business completed the following transactions Jul 1 Garland invested $25,000 cash to start her medical practice.
Helen Garland, MD, opened a medical practice. The business completed the following transactions Jul 1 Garland invested $25,000 cash to start her medical practice. The business issued common stock to Garland Jul 2 Purchased medical supplies on account totaling $9,300. Jul 3 Paid monthly office rent of $6,100. Jul 6 Recorded $8,000 revenue (in cash) for service rendered to patients After these transactions, how much cash does the business have to work with? Use a T-account to show you answer Begin by posting the transactions, using the date as a posting reference. Then, label and calculate the ending balance, using "Bal" as the posting reference Cash Jul 1 25000 Jul 3 6100 Jul 6 3000 Bal 17000 Bal 6100
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