P2-2B Maria Juarez is a licensed dentist. During the first month of the operation of her busi- ness, the following events and transactions occurred. April 1 1 2 Shareholders invested $40,000 cash in exchange for ordinary shares. Hired a secretary-receptionist at a salary of $600 per week payable monthly. Paid office rent for the month $1,000. Cach 10 Purchased dental supplies on account from Smile Company $4,000. Acc Pays Provided dental services and billed insurance companies $5,100. Acc. Rec Received $1,000 cash advance from Trudy Borke for an implant. 11 20 Received $2,100 cash for services completed and delivered to John Stanley. Paid secretary-receptionist for the month $2,400. 30 30 Paid $1,600 to Smile Company for accounts payable due. Cos Maria uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Revenue, No. 311 Share Capital- Ordinary; No. 400 Service Revenue, No. 726 Salaries Expense, and No. 729 Rent Expense. Journali and prep (SO 2, 4
P2-2B Maria Juarez is a licensed dentist. During the first month of the operation of her busi- ness, the following events and transactions occurred. April 1 1 2 Shareholders invested $40,000 cash in exchange for ordinary shares. Hired a secretary-receptionist at a salary of $600 per week payable monthly. Paid office rent for the month $1,000. Cach 10 Purchased dental supplies on account from Smile Company $4,000. Acc Pays Provided dental services and billed insurance companies $5,100. Acc. Rec Received $1,000 cash advance from Trudy Borke for an implant. 11 20 Received $2,100 cash for services completed and delivered to John Stanley. Paid secretary-receptionist for the month $2,400. 30 30 Paid $1,600 to Smile Company for accounts payable due. Cos Maria uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Revenue, No. 311 Share Capital- Ordinary; No. 400 Service Revenue, No. 726 Salaries Expense, and No. 729 Rent Expense. Journali and prep (SO 2, 4
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 5PA: Inner Resources Company started its business on April 1, 2019. The following transactions occurred...
Related questions
Topic Video
Question
Please create a general journal from this transaction
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning