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Lily is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested
Lily is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $18,000 cash in her business. 1 Hired a secretary-receptionist at a salary of $600 per week payable monthly. 2 Paid office rent for the month $1,200. 3 Purchased dental supplies on account from Dazzle Company $3,300. 30 20 10 11 20 Performed dental services and billed insurance companies $5,200. Received $1,400 cash advance from Leah Mataruka for an implant. Received $1,600 cash for services performed from Michael Santos. 30 Paid secretary-receptionist for the month $2,400. Paid $2,180 to Dazzle for accounts payable due. Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous question.) Cash Date Explanation Refi Debit 31 31 J1 31 31 31 Credit No. 101 Balance Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance 31 Supplies No. 126 Date Explanation Ref Debit Credit Balance 01 No. 201 Explanation Ref Debit Credit Balance J1 Accounts Payable Date 01 Unearned Service Revenue No. 209 Date Explanation Ref Debit Credit Balance 01 Owner's Capital No. 301 Date Explanation Ref Debit Credit Balance 31 Service Revenue No. 400 Date Explanation Ref Debit Credit Balance 01 == Salaries and Wages Expense Date Explanation No. 726 Ref Debit Credit Balance 31 Rent Expense No. 729 Date Explanation Ref Debit Credit Balance 01
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