Jul

6 Cohen invested $148,000 in the business, which in turn issued its common stock to her

9 the business paid cash for land cost in $66,000 calling plans to build an office building on the land

12 The business purchased medical supplies for $2,000 on account

15 dr. Christine Cohen, P.C. officially opened for business

15-31 During the rest of the month, Cohen treated patients and arned service revenue of $9,200, recieving cash fo rhalf the revenue earned.

15-31 The business paid cash expenses: employee salaries, $2,900:office rent, $1,500: utilities, $700

31 The business sold supplies to another physician for the cost of $600 and recieved cash

31 The business borrowed $36,000, signing a note payable to the bank

31 The business paid $1,500 on account

1. After journalizing the transactions in the previous exercise, post the entries to the ledger, using T-accounts. Key transactions by date.

2. Prepare the trial balance of Dr Kristine COhen, P.C., at July 31, 2016.

3. From the trial balance, determine total assets, total liabilities, and total stockholders' equity on July 31.