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Roland Walker opened a medical practice in Los Angeles, California, and had the following transactions during the month of January. (Click the icon to view
Roland Walker opened a medical practice in Los Angeles, California, and had the following transactions during the month of January. (Click the icon to view the January transactions.) Journalize the transactions of Roland Walker, M.D. Include an explanation with each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 1: The business received $32,000 cash and issued common stock to Walker. Date Accounts and Explanation Debit Credit Jan. 1 i More Info Jan. 1 The business received $32,000 cash and issued common stock to Walker. 2 Purchased medical supplies on account, $19,000. 4 Performed services for patients receiving $1,500. 12 Paid monthly office rent of $2,300. 15 Recorded $16,000 revenue for services rendered to patients on account. Print Done
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