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Sheridan is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested

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Sheridan is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $19,000 cash in her business. 1 Hired a secretary-receptionist at a salary of $700 per week payable monthly. 2 Paid office rent for the month $1,200. 3 Purchased dental supplies on account from Dazzle Company $4,900. Performed dental services and billed insurance companies $5,100. 10 11 Received $1,300 cash advance from Leah Mataruka for an implant. E 20 Received $2,700 cash for services performed from Michael Santos. 30 Paid secretary-receptionist for the month $2,800. gg 30 Paid $3,140 to Dazzle for accounts payable due.

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