Question: answer asapp Problem Eight: Benjamin Martinez is a licensed chiropractor. During the first month of the operation of his business, the following events and transactions
Problem Eight: Benjamin Martinez is a licensed chiropractor. During the first month of the operation of his business, the following events and transactions occurred: May 1: Invested $30,000 cash in his business in exchange for ordinary shares. May 1: Hired a receptionist at a salary of $900 per week payable monthly. May 2: Paid clinic rent for the month $1,500. May 3: Purchased clinic supplies on account from HealthCo Supplies $6,500. May 10: Performed chiropractic adjustments and billed insurance companies $7,200. May 11: Received $1,500 cash advance from Carla Jensen for a series of treatments. May 20: Received $3,200 cash for services performed from Anthony Rivera. May 30: Paid receptionist for the month $3,600. May 30: Paid $3,800 to HealthCo for accounts payable due
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