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Info: Question: More into begin{tabular}{|c|c|} hline Dec 6 & begin{tabular}{l} Anderson invested $143,000 in the business, which in turn issued its common stock to
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More into \begin{tabular}{|c|c|} \hline Dec 6 & \begin{tabular}{l} Anderson invested $143,000 in the business, which in turn issued its \\ common stock to her. \end{tabular} \\ \hline Dec 9 & \begin{tabular}{l} The business paid cash for land costing $58,000. Anderson plans to \\ build an office building on the land. \end{tabular} \\ \hline Dec 12 & The business purchased medical supplies for $2,200 on account. \\ \hline Dec 15 & Dr. Angela Anderson, P.C., officially opened for business. \\ \hline Dec 15-31 & \begin{tabular}{l} During the rest of the month, Anderson treated patients and earned \\ service revenue of $9,100, receiving cash for half the revenue earned \end{tabular} \\ \hline Dec 15-31 & \begin{tabular}{l} The business paid cash expenses: employee salaries, $3,000; \\ office rent, $1,500; utilities, $900. \end{tabular} \\ \hline Dec 31 & \begin{tabular}{l} The business sold medical supplies to another physician for cost of \\ $500 and received cash. \end{tabular} \\ \hline Dec 31 & The business borrowed $32,000, signing a note payable to the bank. \\ \hline Dec 31 & The business paid $900 on account. \\ \hline \end{tabular} Dr. Angela Anderson opened a medical practice specializing in physical therapy. During the first month of operation (December), the business, titled Dr. Angela Anderson, 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. Angela Anderson, P.C. 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 lin of the table and leave all other fields blank.) Dec 6: Anderson invested $143,000 in the business, which in turn issued its common stock to her. 1. Record the transactions in the journal of Dr. Angela Anderson, P.C. 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.) Dec 6: Anderson invested $143,000 in the business, which in turn issued its common stock to her. ec 6: Anderson invested $143,000 in the business, which in turn issued its common stock to herStep by Step Solution
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