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Jun 1 Lyle invested $32,000 cash to start her practice. The business issued shares to Lyle. 1 Purchased medical supplies on account totalling $9,000. 2
Jun 1 Lyle invested $32,000 cash to start her practice. The business issued shares to Lyle. 1 Purchased medical supplies on account totalling $9,000. 2 Paid monthly office rent of $5,500. 3 Recorded $8,100 revenue for service rendered to patients, received cash of $3,000, and sent bills to patients for the remainder.
Jun 1Lyle invested $32,000 cash to start her practice. The business issued shares to Lyle. 1Purchased medical supplies on account totalling $9,000. 2Paid monthly office rent of $5,500. 3Recorded $8,100 revenue for service rendered to patients, received cash of $3,000, and sent bills to patients for the remainder. After these transactions, how much cash does the business have to work with? Use a T-account to show your answer. (Leave unused cells blank.) Cash Jun Jun BalStep by Step Solution
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