Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Vera Ernst 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 $600 per week payable monthly.
2 Paid office rent for the month $1,300.
3 Purchased dental supplies on account from Dazzle Company $3,000.
10 Performed dental services and billed insurance companies $5,400.
11 Received $1,100 cash advance from Leah Mataruka for an implant.
20 Received $2,000 cash for services performed from Michael Santos.
30 Paid secretary-receptionist for the month $2,400.
30 Paid $2,000 to Dazzle for accounts payable due.

Prepare a trial balance on April 30, 2020.

VERA ERNST, DENTIST Trial Balance

For the Quarter Ended April 30, 2020For the Year Ended April 30, 2020April 30, 2020

Debit

Credit

$

$

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

Advanced Accounting

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

12th edition

77862228, 978-1259283567, 1259283569, 978-0077862220

More Books

Students also viewed these Accounting questions

Question

How does the position fit into my concept of quality of life?

Answered: 1 week ago

Question

How does the culture lived by this company fit my idea of culture?

Answered: 1 week ago