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Sheffield is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 1 2
Sheffield is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 1 2 3 10 11 20 30 30 Invested $24,000 cash in her business. Hired a secretary-receptionist at a salary of $500 per week payable monthly. Paid office rent for the month $1,000. Purchased dental supplies on account from Dazzle Company $4,600. Performed dental services and billed insurance companies $5,400. Received $1,000 cash advance from Leah Mataruka for an implant. Received $1,700 cash for services performed from Michael Santos. Paid secretary-receptionist for the month $2,000. Paid $2,960 to Dazzle for accounts payable due.
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