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Record the following selected transactions in general journal form for the Jayson clinic. Include a brief explanation of the transaction as part of each journal
Record the following selected transactions in general journal form for the Jayson clinic. Include a brief explanation of the transaction as part of each journal entry. May 1 The clinic issued 1,000 additional thares of capital itock to Doctor Jaysoo at $75 per share. May 4 The clinic purchased scoping equipment. The equipment coit 590,000 , of which $30,000 was paid in cashy a note pavable was iswed for the balance. May 12 issued a check for 53,400 in full payment of an account pryable to Leah Laboratories. May 19 Purchased office supplies on account for 5240 . Paymen is due in full by lune 10. May 25 collected a $15,000 account receivable from the Goosinger Medical insurance. May 31 Declared and paid a $50,000 tash dividend to stockholders
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