INSTRUCTIONS:prepare the journal entries, t-accounts and trial balance

Dr. James Reid, a dentist, established Reid Clinic the following transactions occurred duringJune of this year:

June 1. Reid deposited 280,000 in a bank account in the name of the business

3. bought a 3-in 1 office equipment from Pitular Equipment for 4,950, paying1,000 cash and the balance on account

5. bought waiting room chairs and a table, paying cash 12,300

7 bought office intercom on account from NE Office Supply, 2,750

8 received and paid telephone bill 1,080

10performed professional service on account, 12,940

12received and paid the electric bill, 1,850

13received and paid the bill for the Regional and Dental Convention 3,500

17performed professional services for cash, 17,650

19 partially settled accounts with NE Office Supply, 1,000

25paid rent for the month, 8,400

26paid salaries of the part time receptionist, 3,500

30 Reid withdrew cash for personal use, 8,500

30Received 5,500 on account from patients who were previously billed

On May 1, 2018, Jimelyn Evangelista opened Self Service Laundry. During May the following transactions were completed.

1.Ma. Evangelista deposited 250,000 in a bank account in the name of the business

3.Bought cahirs and a table paying cash, 6,700

5.bought laundry supplies on account from Subic Supply Inc., 3,250

7.paid rent for the month 5,750

8bought washing machines and dryers from Bataan Equipment Corp., 115,000

10revenues earned on cash basis for the first half of the month19,250

12 bought insurance for one year, 5,600

13 received and paid electric bill, 2,080

17revenues earned on cash basis for the second half of the month, 12,350

19paid salaries for the part time assistant, 7,400

25Evangelista withdrew cash for personal use, 5,000

26paid accounts to Subic supply Inc., 2,750

30paid the City Government for sidewalk repair assessment 2,800.