Journalizing, Posting and Preparing Trial Balance Journalize the following transactions of Dr. Tee Nga Dental Clinic for the

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Journalizing, Posting and Preparing Trial Balance Journalize the following transactions of Dr. Tee Nga Dental Clinic for the month of July. Then post the transactions to the T-accounts. Prepare a trial balance. Use the following account titles: Cash, Accounts Receivable, Dental Supplies, Office Supplies, Equipment, Furniture's & Fixtures, Accounts Payable, Dr. Tee Nga, Capital, Dr. Tee Nga, Drawing, Dental Fees, Repairs & Maintenance Expense, Salaries Expense, and Utilities Expense 2017 July 4 Dr. Tee Nga deposited P250,000 under the account of Tee Nga Dental Clinic 5 Bought P800,000 worth of dental equipment from Dude Dental Supply, Terms: 20% down payment and the remaining balance on account. 7 Bought dental supplies from Teet Supplies on credit, P35,000 8 Returned P3,000 defective supplies bought from Teet Supplies 9 Bought furniture from Gel's Furniture on account, P11,000 de 10 Bought office supplies using cash, P2000 11 Paid P180,000 as partial payment of account to Dude Dental Supply 14 Rendered dental services to Bud Bret on account, P10,000 15 Dr. Tee Nga paid P105,000 from the business funds for repairs and maintenance of his residence 20 Dr. Tee Nga deposited P30,000 in the business account as an additional investment  21 Collection of account from Bud Bret 23 Dental services rendered for cash to Ms Plax, P2,000 24 Full settlement of account with Teet's Supplies 25 Full settlement of account with Gel's Furniture 27 Paid assistant's salaries, P16,000 29 Received bill from PLDT, P1,800 31 Dr. Tee Nga withdrew P10,000 cash for personal use
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