Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.
image text in transcribed
image text in transcribed
Shelfield is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $24,000 cash in her bursiness. 1 Hired asecretary-receptionist at a salary of $500 per week payable monthly. 2. Paid office rent for the month $1,000. 3. Purchased dental supplies on account from Dazzle Company $4,600. 10 Performed dental services and billed insurance companies $5,400. 11 Received \$1,000 cash advance from Losh Mataruka for an implant. 20 Received $1,700 cash for services performed from Michael Santos. 30 Paid secretary receptionist for the month $2,000 30 Paid 52460 to Dartile for accounts payable due: SHEFFIELD, DENTIST TrialBalance Agriik 30,2022 Debit Credit Cash \$ s Necounts Receivabic: Supplies Accounts Payable Uivearned Service Revenue Owners Clapital Service Regumue Salaries and Waers Couene Rentrosinose Totals

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Workbook

Authors: Azhar Ul Haque Sario

1st Edition

B0C9SG1YC6, 979-8851207891

More Books

Students also viewed these Accounting questions