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Judi Dench is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1...
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Question

Judi uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126

Supplies, No. 201 Accounts Payable, No. 205 Unearned Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries Expense, and No. 729 Rent Expense.

Instructions

(a) journalize the transactions.

(b) Post to the ledger accounts.

(c) Prepare a trial balance on April 30, 2014

Judi Dench is a licensed dentist. During the first month of the operation of her business,   the following events and transactions occurred.   April 1 Stockholders  invested $40,000  cash in exchange for common stock.   1 Hired a secretary-receptionist at a  salary of $600  per week payable monthly.   2 Paid office  rent for the month $1,400 .   3 Purchased dental supplies on account from  Halo Company $5,200.   10 Provided dental services and  billed insurance companies $6,600 .   11 Received $1,000 cash  advance from Rich Welk for an implant.   20  Received $2,100 cash  for services completed and delivered to Phil Steubern.   30 Paid secretary-receptionist for the  month $2,400.   30 Paid  $1,900  to Halo Company for accounts payable due.   Judi uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126   Supplies, No. 201 Accounts Payable, No. 205 Unearned Revenue, No. 311 Common Stock, No.  400  Service  Revenue, No. 726 Salaries Expense, and No. 729 Rent Expense.   Instructions   (a) journalize the transactions.   (b) Post to the ledger accounts.   (c) Prepare a trial balance on April 30, 2014
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Subject: Accounting, Business

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