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roblem 2-3A S. Myers, a speech therapist, opened a clinic in the name of Myers Clinic. Her accountant prepared the following chart of accounts:
roblem 2-3A S. Myers, a speech therapist, opened a clinic in the name of Myers Clinic. Her accountant prepared the following chart of accounts: Assets Cash Accounts Receivable 0 0 0 Office Equipment 0 Office Furniture Liabilities Accounts Payable Owner's Equity S. Myers, Capital 0 S. Myers, Drawing 0 Revenue Professional Fees Expenses Salary Expense O Rent Expense 0 Utilities Expense 0 Miscellaneous Expense The following transactions occurred during June of this year: 13. Myers deposited $40,000 in a bank account in the name of the business. 14. Bought waiting room chairs and tables on account, $1,330. 15. Bought a fax/copier/scanner combination from Max's Equipment for $595, paying $200 in cash and placing the balance on account, Ck. No. 1001. 16. Bought an intercom system on account from Regan Office Supply, $375.
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