Question
Sunland 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
Sunland 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 $500 per week payable monthly.
2 Paid office rent for the month $1,200.
3 Purchased dental supplies on account from Dazzle Company $4,600.
10 Performed dental services and billed insurance companies $4,500.
11 Received $1,000 cash advance from Leah Mataruka for an implant.
20 Received $2,100 cash for services performed from Michael Santos.
30 Paid secretary-receptionist for the month $2,000.
30 Paid $2,960 to Dazzle for accounts payable due.
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