Analyse each of the following transactions to show the two aspects of the transaction: Apr. 1 Apr.
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Analyse each of the following transactions to show the two aspects of the transaction:
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Apr. 1 Apr. 1 Apr. 2 Apr. 3 Apr. 4 Apr. 15 Apr. 20 Apr. 21 Apr. 29 Apr. 29 Apr. 30 Apr. 30 Jane Gate commenced her dental practice on 1 April by depositing 60,000 in a business bank account. Rent for a surgery was paid, 800, for the month of April. Dental equipment was purchased for 35,000, paying in cash. Dental supplies were purchased for 5,000, taking 30 days' credit from a supplier. Fees of 1,200 were collected in cash from patients and paid into the bank account. Dental assistant was paid wages for two weeks, 700. Jane Gate withdrew 500 cash for personal use. Fees of 2,400 were collected in cash from patients and paid into the bank. Dental assistant was paid wages for two weeks, 700. Invoices were sent to patients who are allowed 20 days' credit for work done during April amounting to 1,900. Telephone bill for April was paid, 80. Dental supplies unused were counted and found to be worth 3,500, measured at cost price.
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