Judi Dench is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred.
April 1 Shareholders invested £40,000 cash in exchange for ordinary shares.
1 Hired a secretary-receptionist at a salary of £600 per week payable monthly.
2 Paid office rent for the month £1,400.
3 Purchased dental supplies on account from Halo Company £5,200.
10 Performed dental services and billed insurance companies £6,600.
11 Received £1,000 cash advance from Rich Welk for an implant.
20 Received £2,100 cash for services performed for Phil Stueben.
30 Paid secretary-receptionist for the month £2,400.
30 Paid £1,900 to Halo Company for accounts payable due.
Judi uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 311 Share Capital-Ordinary, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.
Instructions
(a) Journalize the transactions.
(b) Post to the ledger accounts.
(c) Prepare a trial balance on April 30, 2017.