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Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue

Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Tipt in Progress Lily is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $18,000 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 $1,200. 3 10 11 Purchased dental supplies on account from Dazzle Company $3,300. Performed dental services and billed insurance companies $5,200. Received $1,400 cash advance from Leah Mataruka for an implant. Received $1,600 cash for services performed from Michael Santos. Paid secretary-receptionist for the month $2,400. 20 30 30 Paid $2,180 to Dazzle for accounts payable due
Transcribed Image Text:Tipt in Progress Lily is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $18,000 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 $1,200. 3 10 11 Purchased dental supplies on account from Dazzle Company $3,300. Performed dental services and billed insurance companies $5,200. Received $1,400 cash advance from Leah Mataruka for an implant. Received $1,600 cash for services performed from Michael Santos. Paid secretary-receptionist for the month $2,400. 20 30 30 Paid $2,180 to Dazzle for accounts payable due
Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Owner's Capital Service Revenue Salaries and Wages Expense- Rent Expense Totals LILY, DENTIST Trial Balance April 30, 2022 ĦA Debit 5200 3300 th Credit
Transcribed Image Text:Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Owner's Capital Service Revenue Salaries and Wages Expense- Rent Expense Totals LILY, DENTIST Trial Balance April 30, 2022 ĦA Debit 5200 3300 th Credit
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