Prepare the journal entries for the following transactions, provided the chart accounts below: DATE: APRIL 2022 TransactionsApril 01 -Completion of a denture worth 6,000  April 02 - Received 7,000 in total from appointed patients for the whole day April 03 -received 7,000 in total from appointed patients for the whole day April 04 -received 2,500 in total from appointed patients April 05- paid 36,000 for car loan for business/personal use April 06- received 1,500 from one patient that day April 07 -received 3,000 from appointed patients that day April 08- purchased dental supplies, 4,500 April 09- received 4,000 from appointed patients  April 10-received 3,000 in total from appointed patients  April 11-received 1,500 from one patient that day April 12-paid 10,000 for dental laboratory fee April 13-received 20,000 from a prosthodontic case April 15-paid 13,000 for a lot for future investment/business April 15 -paid 7,500 for dental assistant April 16-received 2500 in total from appointed patients April 17-paid 2,900 for life insurance April 18-received 4500 from appointed patients April 19 -paid 2,200 for business landline April 20 -paid 7,000 for credit card fee for business use April 21-received 1,500 from appointed patient April 22-received 5,000 from appointed patients  April 23-received 5,000 from appointed patients  April 24-received 12,000 from appointed patients April 25-received 7,500 from appointed patients April 25-paid 13,900 for rent April 25-paid 5,500 for electric bill April 25-paid 350 for water bill April 26-received 12,000 from appointed patients April 27-paid 38,300 for home loan charge from the income of the clinic April 28-received 6500 from appointed patients April 29-paid 4,000 for dental supplies April 30-received 13,500 from appointed patients  April 30 -paid 7,500 for dental assistant April 30-paid 3000 for spare parts of the dental unit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Prepare the journal entries for the following transactions, provided the chart accounts below:

DATE:
APRIL 2022
TransactionsApril 01 -Completion of a denture worth 6,000 
April 02 - Received 7,000 in total from appointed patients for the whole day
April 03 -received 7,000 in total from appointed patients for the whole day
April 04 -received 2,500 in total from appointed patients
April 05- paid 36,000 for car loan for business/personal use
April 06- received 1,500 from one patient that day
April 07 -received 3,000 from appointed patients that day
April 08- purchased dental supplies, 4,500
April 09- received 4,000 from appointed patients 
April 10-received 3,000 in total from appointed patients 
April 11-received 1,500 from one patient that day
April 12-paid 10,000 for dental laboratory fee
April 13-received 20,000 from a prosthodontic case
April 15-paid 13,000 for a lot for future investment/business
April 15 -paid 7,500 for dental assistant
April 16-received 2500 in total from appointed patients
April 17-paid 2,900 for life insurance
April 18-received 4500 from appointed patients
April 19 -paid 2,200 for business landline
April 20 -paid 7,000 for credit card fee for business use
April 21-received 1,500 from appointed patient
April 22-received 5,000 from appointed patients 
April 23-received 5,000 from appointed patients 
April 24-received 12,000 from appointed patients
April 25-received 7,500 from appointed patients
April 25-paid 13,900 for rent
April 25-paid 5,500 for electric bill
April 25-paid 350 for water bill
April 26-received 12,000 from appointed patients
April 27-paid 38,300 for home loan charge from the income of the clinic
April 28-received 6500 from appointed patients
April 29-paid 4,000 for dental supplies
April 30-received 13,500 from appointed patients 
April 30 -paid 7,500 for dental assistant
April 30-paid 3000 for spare parts of the dental unit

 

A. CHART OF ACCOUNTS
ASSETS
Cash
101
Dental Supplies
102
Prepaid Insurance
103
Land
104
Accounts Payable
Loan Payable
Aldrin Oña, Capital
Income Summary
LIABILITIES
OWNER'S EQUITY
201
202
301
302
REVENUE
Dental Service in come
Utilities Expense
Wages Expense
Telephone expense
Laboratory Fees
Rent Expense
Car Expense
EXPENSES
401
501
502
503
504
505
506
Transcribed Image Text:A. CHART OF ACCOUNTS ASSETS Cash 101 Dental Supplies 102 Prepaid Insurance 103 Land 104 Accounts Payable Loan Payable Aldrin Oña, Capital Income Summary LIABILITIES OWNER'S EQUITY 201 202 301 302 REVENUE Dental Service in come Utilities Expense Wages Expense Telephone expense Laboratory Fees Rent Expense Car Expense EXPENSES 401 501 502 503 504 505 506
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