Using a chart of accounts similar to that for Problem 11A-3, journalize the following transactions for Dave
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2013 Aprl 1 Dr. Wong invested $12,000 cash and $36,000 worth of opti- cal equipment in the practice. 2 Paid insurance premium for one year in advance, $5,600, 5 12 cheque No. 761. Purchased office equipment on account from Adobe Stationery Co., $4,170 Completed optical examinations on each child at Eastside Elementary School, $4,120 on account. Received $2,850 cash for professional fees earned Performed a complete optical examination for Ms. Rachel Flemming, a famous film star, $400 on account. Paid Adobe Stationery one-half the amount owed from April 5 transaction, cheque No. 762 Paid telephone bill, $87, cheque No. 763 Paid utilities, $140, cheque No. 764 Paid Neally Cleaning Co. for services performed, $350, cheque no. 765. Received the first payment from Eastside Elementary School, $2,000 16 19 22 26 26 29 30
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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