Question
Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. In April, she
Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred.
In April, she Invested $19,000cash in her business.
On April 1st, she Hired a secretary-receptionist at a salary of $700per week payable monthly.
On April 2nd, she Paid office rent for the month $1,200.
On April 3rd, she Purchased dental supplies on account from Dazzle Company $4,900.
On April 10th, she Performed dental services and billed insurance companies $5,100.
On April 11, she Received $1,300cash advance from Leah Mataruka for an implant.
On April 20, she Received $2,700 cash for services performed from Michael Santos.
On April 30, she Paid secretary-receptionist for the month $2,800.
On April 30, she Paid $3,140 to Dazzle for accounts payable due.
Journalize the transactions.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started