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Roland Brown opened a medical practice in Oceanside, Calfomia, and had the following transactions during the month of January. (Click the icon to view the
Roland Brown opened a medical practice in Oceanside, Calfomia, and had the following transactions during the month of January. (Click the icon to view the January transactions) Journalize the transactions of Roland Brown, M.D. Include an explanation with each entry (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) Jan. 1: The business recelved $27,000 cash and issued common stock to Brown. Date Accounts and Explanation Debit Credit Jan 1 Jan. 2: Purchased medical supplies on account $14,000. More Info Date Accounts and Explanation Debit Credit Jan 2 Jan 1 The business received $27,000 cash and issued common stock to Brown 2 Purchased medical supplies on account, $14,000 4 Performed services for patients receiving $2.000 2 Paid monthly office rent of $3,000 15 Recorded $7,000 revenue for services rendered to patients on account Jan. 4: Performed services for patients receiving $2.000 Accounts and Explanation Debit Credit Print Done Jan 4 Jan. 12 Paid monthly office rent of 3,000 Date Debit Credit Jan 12 Jan. 15 Recorded $7,000 revenue for services rendered to patients on account. Date Accounts and Explanation Debit Credit
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