Question: Jack Davis opened a medical practice in Sacramento California and

Jack Davis opened a medical practice in Sacramento, California, and had the following transactions during the month of January.
Jan. 1 The business received $35,000 cash and issued common stock to Davis.
2 Purchased medical supplies on account, $13,000.
4 Performed services for patients receiving $1,900.
12 Paid monthly office rent of $2,600.
15 Recorded $10,000 revenue for services rendered to patients on account.
Journalize the transactions of Jack Davis, M.D. Include an explanation with each entry.

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  • CreatedJune 12, 2015
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