Debit Cash 1500 Credit Unearned Revenue 1500 25 Withdrew 800 for personal use

Debit cash 1500 credit unearned revenue 1500 25

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Debit Cash $1,500 Credit Unearned Revenue $1,500
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25 Withdrew $800 for personal use. Debit Dividends $800 Credit Cash $800 30 Paid salaries of $250. Debit Salaries Expense $250 Criedit Cash $250 30 Paid Stevenson Company in full. Debit Accounts Payable $1,050 Credit Cash $1,050 31 Received $2700 cash for fees earned. Debit Cash $2700 Credit Golf Revenue $2700 P2-2AEmily Valley is a licensed dentist. During the first month of the operation of her business,the following events and transaction occurred.April 1 Invested $20,000 cash in her business. Dr Cash $20,000 Cr Common stock $20,000 1 Hired a secretary-receptionist at a salary of $700 per week payable monthly No entry required 2 Paid office rent for the month $1,100 Dr Rent expense $1,100 Cr Cash $1,100 3 Purchased dental supplies on account from Dazzle Company $4,000 Dr Supplies $4,000 Cr AP $4,000 10 Performed dental services and billed insurance companies $5,100 Dr AR $5,100 Cr Service Revenue $5,100 11 Received $1,000 cash advance from Leah Mataurka for an implant Dr CAsh $1,000 Cr Unearned Revenue $1,000 20 Received $2,100 cash for services performed from Michael Santos. Dr Cash $2,100
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Cr Service Revenue $2,100 30 Paid secretary-receptionist for the month $2,800 Dr Salaries Expense $2,800 Cr Cash $2,800 30 Paid $2,400 to Dazzle for accounts payable due Dr AP $2,400 Cr Cash $2,400 (c) Prepare a trial balance on April 30, 2008 The debits: No. 101 Cash 38,100 No. 112 Accounts Receivable 5,100 No. 126 Supplies 4,000 No. 726 Salaries Expense 2,800 No. 729 Rent Expense 1,100 Total debits $51,100 The credits: No. 201 Accounts Payable 2,800 No. 205 Unearned Revenue $1,100 No. 311 Common Stock 40,000 No. 400 Service Revenue 7,200 Total credits $51,100
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  • Spring '11
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  • Accounting, Double-entry bookkeeping system, DR Cash, Debit Cash

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