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
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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
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