Craig Glasser is a physician who operates a family medical practice, Glasser Family Medical Center. He uses
Question:
Craig Glasser is a physician who operates a family medical practice, Glasser Family Medical Center. He uses the combination journal found in your working papers.
Instructions
1. Record the following transactions on page 17 of the combination journal.
2. Total, prove, and rule the combination journal.
Transcribed Image Text:
Date Transactions Oct. 1 Received $2,100 in medical fees from patients, Receipt 90. 2 Issued Check 414 for the cash purchase of $120 of office supplies. 4 Purchased medical supplies on account from Wharton Laboratories, Invoice 14006 for $1,950, terms n/60. 6 Craig Glasser invested medical equipment valued at $750 in the medical practice, Memorandum 30. 8 Billed a patient, Daniel O'Connell, $150 for his annual physical, Statement 40. 9 Completed lab services for Carl Fisher and billed him $160, Statement 41. 11 Purchased a new examination table (medical equipment) on account from Medical Suppliers, Invoice L163 for $1,452.50, terms n/45. 13 15 Billed Patricia Vallano $300 for medical services, Statement 42. Issued Check 415 for $2,004.81 for the monthly salaries expense of $2,500.00 less deductions: social security tax, $155.00; Medicare tax, $36.25; employees' federal income taxes, $209.00; employees' state income taxes, $94.94. 15 Recorded the employer's payroll tax liabilities: social security tax, $155; Medicare tax, $36.25; federal unemployment taxes, $20; state unemployment taxes, $145; payroll register. Issued Debit memo 16 to Wharton Laboratories for $200 for the return of medical supplies purchased on account. Paid the telephone bill, Check 416 for $110. 18 20 22 A check for $110 was received from John Marshall to apply on his account, Receipt 91. CONTINUE
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (7 reviews)
ANSWER Date Account Title and Explanation PR DR CR Oct 1 Cash 2100 Oct 1 Fees Earned 90 2100 Oct 2 Office Supplies 120 Oct 2 Cash 414 120 Oct 4 Medica...View the full answer
Answered By
Abdul Wahab Qaiser
Before working at Mariakani, I volunteered at a local community center, where I tutored students from diverse backgrounds. I helped them improve their academic performance and develop self-esteem and confidence. I used creative teaching methods, such as role-playing and group discussions, to make the learning experience more engaging and enjoyable.
In addition, I have conducted workshops and training sessions for educators and mental health professionals on various topics related to counseling and psychology. I have presented research papers at conferences and published articles in academic journals.
Overall, I am passionate about sharing my knowledge and helping others achieve their goals. I believe that tutoring is an excellent way to make a positive impact on people's lives, and I am committed to providing high-quality, personalized instruction to my students.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Dr. Eger is a physician who operates on two different types of patients. He has been pressing the Hospital for Ordinary Surgery (HOS) for more operating-room time. HOS is busy and would have to turn...
-
Anna, one of your firms clients, is a physician who owns and operates her practice through a professional service corporation (PSC). She sees opportunities to grow the PSC, allowing her to serve more...
-
Pelicans tuck their wings and free fall straight down when diving for fish. Suppose a pelican starts it dive from a height of 16.0m and cannot change its path once committed. If it takes a fish 0.20s...
-
By referring to the case study, Amazons web site for your country and your experience of Amazon offline communications, evaluate how well Amazon communicates its core proposition and promotional...
-
A shock absorber is designed to quickly damp out the oscillations that a car would otherwise make because it is suspended on springs. (a) Find the period of oscillation of a 1610-kg car that is...
-
Explain how Bayes optimal classifier and the nave Bayes classifier work.
-
Employee earnings records for Slaymaker Company reveal the following gross earnings for four employees through the pay period of December 15. J. Seligman .......$ 93,500 R. Eby...
-
What is customer retention? why is customer retention important? how might a company follow up with customers using customer retention? how is business affected by customer retention? where are some...
-
Calculate the final pressure of a sample of water vapour that expands reversibly and adiabatically from 87.3 Torr and 500 dm3 to a final volume of 3.0 dm3. Take Y = 1.3
-
Sunset Surfwear is a small merchandise business specializing in a variety of surfwear items. Sunset Surfwear uses a combination journal with these amount columns. Instructions In your working papers:...
-
John Dunn owns The Country Store, a small retail store. He uses a combination journal with the following columns. Instructions Use the form provided in your working papers. For each of the following...
-
Dolly purchased and placed into service qualifying depreciable property in 2016 at a total cost of $2,250,000. Dolly has elected to take the 179 deduction. What is Dollys 179 deduction for 2016? a....
-
Write a program that reads in words from a file and prompts the user for another word. Print the longest word from the file that contains the given word, or "No match" if the word does not occur in...
-
Why is it better to save an entire ArrayList to an object output stream instead of program ming a loop that writes each element?
-
Write a Java program that uses a library database of books and patron data, as described in Exercise R24.2. Patrons should be able to check out and return books. Supply commands to print the books...
-
In the previously cited example (problem 3), suggest the appropriate sampling method in terms of the following: (a) Probability vs. nonprobability (b) Single unit vs. cluster unit (c) Stratified vs....
-
Give a SQL query that computes the total cost of all line items in invoice number 11731. Invoice Invoice_ Number INTEGER 11731 11732 11733 Customer_ Number INTEGER 3175 3176 3175 Payment DECIMAL (10,...
-
Why is the quality of welds produced by submerged arc welding very good? Explain.
-
A regular deposit of $100 is made at the beginning of each year for 20 years. Simple interest is calculated at i% per year for the 20 years. At the end of the 20-year period, the total interest in...
-
In addition to the five factors discussed in the chapter, dividends also affect the price of an option. The BlackScholes option pricing model with dividends is C = S e dt N(d 1 ) E e Rt N(d 2 )...
-
As a newly minted MBA, youve taken a management position with Exotic Cuisines, Inc., a restaurant chain that just went public last year. The companys restaurants specialize in exotic main dishes,...
-
The Litzenberger Company has projected the following quarterly sales amounts for the coming year: a. Accounts receivable at the beginning of the year are $275. The company has a 45-day collection...
-
Read the Modules on the topic of Cost Analysis. Resolve the exercises below. Show how you obtained the results through a step-by-step computational approach. All verbal sentences should be written in...
-
Another parallel circuit has been constructed with two fixed resistors. A1 (A) 6 A 10 A2 A 20 The resistance of each resistor is shown on the circuit diagram. Calculate the current you would expect...
-
Charles was a jewellery designer and placed the following advertisement in West Noon Post on 1 November 2021. For Sale Handmade "88-shaped" necklace on display HK$10,000 Come to my shop and buy it...
Study smarter with the SolutionInn App