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Helen Stansbury is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1
Helen Stansbury is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 1 2 3 Invested 16,600 cash in her business in exchange for ordinary shares. Hired a secretary-receptionist at a salary of 581 per week payable monthly. Paid office rent for the month 913. Purchased dental supplies on account from Dazzle Company 3,320. 10 Performed dental services and billed insurance companies 4,233. 11 20 20 Received 830 cash advance from Leah Mataruka for an implant. Received 1,743 cash for services performed from Michael Santos. 30 30 Paid secretary-receptionist for the month 2,324. Paid 1,992 to Dazzle for accounts payable due. Helen uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 311 Share Capital-Ordinary, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense. Journalize the transactions. (Record entries in the order displayed in the problem statement. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation (Shareholder's investment of cash in business) (Hired a secretary-receptionist) (Paid monthly salary) (Paid Dazzle Company on account) Debit Credit Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous question.) Cash Date Explanation Ref. Debit J1 J1 J1 J1 J1 J1 Credit No. 101 Balance Accounts Receivable Date No. 112 Explanation Ref. Debit Credit Balance J1 Supplies No. 126 Date Explanation Ref. Debit Credit Balance J1 Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance J1 J1 Unearned Service Revenue No. 209 Date Explanation Ref. Debit Credit Balance J1 Share Capital-Ordinary No. 301 Date Explanation Ref. Debit Credit Balance J1 Service Revenue No. 400 Date Explanation Ref. Debit Credit Balance J1 J1 Salaries and Wages Expense Date Explanation Ref. Debit Credit Balance J1 No. 726 Rent Expense No. 729 Date Explanation Ref. Debit Credit Balance J1 Prepare a trial balance on April 30, 2020. HELEN STANSBURY, DENTIST Trial Balance Totals Debit Credit
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