Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events
and transactions occurred.
April 1Invested $21,000 cash in her business.1Hired a secretary-receptionist at a salary of $600 per week payable monthly.2Paid office rent for the month $1,300.3Purchased dental supplies on account from Dazzle Company $3,000.10Performed dental services and billed insurance companies $4,700.11Received $1,300 cash advance from Leah Mataruka for an implant.20Received $2,500 cash for services performed from Michael Santos.30Paid secretary-receptionist for the month $2,400.30Paid $2,000 to Dazzle for accounts payable due.
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