Question: Ned Brown opened a medical practice in San Diego California

Ned Brown opened a medical practice in San Diego, California, and had the following transactions during the month of January.
Jan. 1 The business received $ 29,000 cash and issued common stock to Brown.
2 Purchased medical supplies on account, $ 14,000.
4 Performed services for patients receiving $ 1,400.
12 Paid monthly office rent of $ 2,600.
15 Recorded $ 8,000 revenue for services rendered to patients on account.
Journalize the transactions of Ned Brown, M. D. Include an explanation with each entry.

View Solution:

Sale on SolutionInn
  • CreatedJanuary 16, 2015
  • Files Included
Post your question