Precision Laser Centres showed the following selected activities during the month of April 2020 Record the journal entries for the following transactions Performed surgery on a customer today and collected $5,200 cash Purchased surgical supplies on credit $19,600 April 8 Contacted a client's lawyer...

Business
Fundamental Accounting Principles
Precision Laser Centres showed the following selected activities during the

Precision Laser Centres showed the following selected activities during the month of April 2020. Record the journal

Question:

Precision Laser Centres showed the following selected activities during the month of April 2020. Record the journal entries for the following transactions.

Transcribed Image Text:

Performed surgery on a customer today and collected $5,200 cash. Purchased surgical supplies on credit; $19,600. April 8. Contacted a client's lawyer today regarding a complaint about the surgery. The client is planning to sue for $100,000. 10 Paid salaries; $47,000. 18 20 Performed six surgeries today, all on credit; $4,400 each. Paid for the surgical supplies purchased on April 8. 21 Paid the April utilities bill today; $2,100. 22 Collected from four of the credit customers of April 20. 29 n 00

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 100% (8 reviews)

2020 April 5 Cash 5200 Surgical Revenues 5200 Performed s...View the full answer

Answered By

Fahmin Arakkal

Tutoring and Contributing expert question and answers to teachers and students. Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs. Responsible for Creating, Editing, Updating all contents related Chemical Engineering in latex language

4.40+ 8+ Reviews 22+ Question Solved

Related Book For answer-question

Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

See More Books

Question Posted: Dec 06, 2019 10:53 AM

See More Questions

Students also viewed these Business questions

TLC Laser Eye Centres showed the following selected activities during the month of April 2014. Journalize the transactions in your General Journal. April 5 Performed surgery on a customer today and...
Wondra Supplies showed the following selected adjusted balances at its December 31, 2013, year-end: During the year 2014, the following selected transactions occurred: a. Sales totalled $ 1,800,000,...
Wondra Supplies showed the following selected adjusted balances at its December 31, 2019, year-end: During 2020, the following selected transactions occurred: a. Sales totalled $1,800,000, of which...
Alpha Mann Ltd makes and sells computer carry bags. Bill Blake, the company accountant, is responsible for preparing the company's annual budget. In compiling the budget data for next year, Blake has...
Draw Lewis structures for the following organic molecules: (a) Methanol (CH3OH); (b) Ethanol (CH3CH2OH); (c) Tetraethyllead [Pb(CH2CH3)4], which is used in "leaded gasoline"; (d) Methylamine...
SWOT is an acronym for strengths, weaknesses, opportunities, and threats. The idea behind SWOT is that a good strategy exploits an organizations opportunities and strengths while neutralizing threats...
Do the following activities to complete your marketing plan: 1. Draw a simple organizational chart for your organization. 2. Develop a Gantt chart (see Chapter 2) to schedule the key activities...
Warranties Winslow Company sold 150 color laser copiers in 2010 for $4,000 apiece, together with a one-year warranty. Maintenance on each copier during the warranty period averages $300. (a) Prepare...
If the input is 3210, what is output? Start x = Get next input TRUE x>0 Put 2 x to output FALSE Put to output End
Melodic Musical Sales, Inc. is located at 5500 Fourth Avenue, City, ST 98765. The corporation uses the calendar year and accrual basis for both book and tax purposes. It is engaged in the sale of...
Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first year ended July 31, 2020, and a balance sheet at July 31, 2020. Analysis...
Prepare journal entries for the following transactions that occurred during January 2020: Stan Adams opened a landscaping business by investing $60,000 cash and equipment having a $40,000 fair value....
The lifetimes (in hours) of four diamond-tipped cutting tools are 70, 85, 81, and 67. Use a sample size of 3. A population and sample size are given. (a) Find the mean and standard deviation of the...
Why does the federal government use Certified Payroll, as prescribed by the Davis - Bacon Act?
You observed the following data for a given month: beginning finished goods = = $ 3 0 0 , 0 0 0 3 0 0 , 0 0 0 additions ( ( total costs ) = ) = $ 5 0 0 , 0 0 0 5 0 0 , 0 0 0 COGS = = $ 2 0 0 , 0 0 0...
G -0:00 $800,000 and $300,000 $800,000 and $240,000 O$1,000,000 and $300,000 O $1,000,000 and $240,000 1x Knowledge Check 01 Acme Manufacturing Company prepared a fixed budget based on the expected...
Financial accountants provide information to the a. stockholders. b. general public. c. creditors. d. All of these choices are correct
The Committee on Accounting Procedure faced criticism for not formulating accounting principles on a theoretical or research basis. Select one: True False
Hurst Canadian Trucking, a transportation company, reported the following items in a recent financial report: Prepare Hurst Canadian Trucking's closing entries for the above accounts. Include...
Evenflow Power Co. is considering a new project that is a little riskier than the current operations of the company. Thus, management has decided to add an additional 1.5% to the company's overall...
Who pays premiums under the Workers Compensation laws?
Who pays the contributions to the Canada Pension Plan?
Using the Danier Leather financial statements in Appendix III, calculate the following ratios for the years ended June 28, 2014 and June 29, 2013. At June 30, 2012, Danier had an accounts receivable...
Recommend an optimal improvement to the company's future financial goals.
Your bank account pays a nominal interest rate of 1 1 % , compounded semi - annually. Your plan is to deposit $ 2 , 4 0 0 in the account at the end of each of the next 1 0 years. How much will you...
When a RACI matrix is being created, what person or group of people are assign an R for responsible?

Engineering Mechanics Dynamics 15th Edition - ISBN: 0135187761 - Free Book

Study smarter with the SolutionInn App