Horngren's Accounting (12th Edition)

12th Edition

ISBN: 9780134486444

Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura

Publisher: PEARSON

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Textbook Question

Chapter 2, Problem S2.5SE

Journalizing transactions

Learning Objective 3

John Daniel opened a medical practice in Sacramento, California, and had the following transactions during the month of January.

Jan. 1	The business received $34,000 cash and gave capital to Daniel.
2	Purchased medical supplies on account, $17,000.
4	Performed services for patients receiving $1,600.
12	Paid monthly office rent of $3,000.
15	Recorded $7,000 revenue for services rendered to patients on account.

Journalize the transactions of John Daniel, M.D. Include an explanation with each entry

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Chapter 2 Solutions

Horngren's Accounting (12th Edition)

Ch. 2 - The detailed record of the changes in a particular...Ch. 2 - Which of the following accounts is a liability?...Ch. 2 - The left side of an account is used to record...Ch. 2 - Which of the following statements is correct?...Ch. 2 - Your business purchased office supplies of $2,500...Ch. 2 - Sedlor Properties puchased office supplies on...Ch. 2 - Posting a $2,500 purchase of office supplies on...Ch. 2 - Pixel Copies recorded a cash collection on account...Ch. 2 - Which sequence correctly summarizes the accounting...Ch. 2 - Nathvile Laundry reported assets of $800 and...

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