Question: 3 Ms. Maria is a licensed dentist. She opened a chamber to serve the patients. During the first month of the operation of her chamber,

3 Ms. Maria is a licensed dentist. She opened a chamber to serve the patients. During the first month of the operation of her chamber, the following events and transactions occurred. July 1 She Invested Tk 2,00,000 cash and furniture Tk. 50,000 into the business. 5 Purchased dental supplies for cash Tk. 30,000 and on account Tk. 20,000. 15 Received Tk. 1,00,000 cash for service rendered. 22 Paid office rent for the month Tk. 20,000. 24 insurance paid in advance Tk. 5,000. 20 Received Tk.2,100 cash for services completed and delivered to John Stanley. 27 Paid secretary-receptionist's salary for the month Tk. 25,000. 31 Maria withdrew Tk. 10,000 for personal use. a) Journalize the transactions. b) Post to the ledger accounts. Prepare the following account - Cash, Supplies, Salary Expense, Service Revenue, Accounts Payable antry
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
