Kirsten Williams opened a dental practice in Daytona, Florida as a corporation. The following transactions took place in August:
Aug 1 Sold $60,000 of common stock to Williams to start the business.
5 Purchased dental supplies on account, $4,600.
7 Paid monthly office rent of $1,200.
10 Provided $3,300 of dental services to patients. Received cash of $300 for these services and sent bills to patients for the remainder.
Using the steps outlined in the five-step transaction analysis, record the transactions in the journal.