Shawn Andrews opened a dental practice as a corporation in Boston, Massachusetts. The following transactions took place in January: (Click the icon to view the transactions.) Using the steps outlined in the five-step transaction analysis, record the transactions in the journal. Jan 5 Supplies 3500 Accounts payable 3500 - More Info Purchased supplies on account Jan 7: Paid monthly office rent of S1,200. Date Debit Credit Journal Entry Accounts and Explanations 7 |Rent expense Cash Jan 1 Sold $85,000 of common stock to Andrews to start the business. 5 Purchased dental supplies on account $3,500. 7 Paid monthly office rent of $1,200. 10 Provided $2,300 of dental services to patients. Received cash of $600 for these services and sent bills to patients for the remainder. Jan 1200 1200 Paid office rent Print Done Jan 10: Provided $2.300 of dental services to patients. Received cash of S600 for these services and sent bills to Date Journal Entry Accounts and Explanations 10 Accounts receivable Credit Debit 600 Jan Service revenue 2300 Performed services for cash and on account. Shawn Andrews opened a dental practice as a corporation in Boston, Massachusetts. The following transactions took place in January: (Click the icon to view the transactions.) Using the steps outlined in the five-step transaction analysis, record the transactions in the joumal Journal Entry Accounts and Explanations Date Credit Debit 85000 Jan 1 || Cash Common stock 85000 - X More Info Paid cash for a building, Jan 5: Purchased dental supplies on account, $3,500. Jan 1 Sold $85,000 of common stock to Andrews to start the business, 5 Purchased dental supplies on account, $3,500. 7 7 Paid monthly office rent of $1.200. 10 Provided $2,300 of dental services to patients. Received cash of $600 for these services and sent bills to patients for the remainder. Date Journal Entry Accounts and Explanations 5 Supplies Credit Debit 3500 Jan Accounts payable 35001 Print Done Purchased supplies on account Jan 7: Paid monthly office rent of $1,200 Date Debit Credit Journal Entry Accounts and Explanations 7 Rent expense Cash Jan 1200 1200