Dr. Ava Cohen opened a medical practice specializing in physical therapy. During the first month of operation (March), the business experienced the following events

Requirement

1.

Record the transactions in the journal of Dr. Ava CohenDr. Ava Cohen, P.C. List the transactions by date and give an explanation for each transaction. (Record debits first, then credits. Select explanations on the last line of the journal entry table. If an entry is not required, select "No entry required" on the first line of the table and leave all other cells blank.)

More Info - X Mar 6 9 12 15 15-31. Cohen invested $137,000 in the business, which in turn issued its common stock to her. The business paid cash for land costing $56,000. Cohen plans to build an office building on the land. The business purchased medical supplies for $2,100 on account. Dr. Ava Cohen, P.C., officially opened for business. During the rest of the month, Cohen treated patients and earned service revenue of $8,700, receiving cash for half the revenue earned. The business paid cash expenses: employee salaries, $3,100; office rent, $1,300; utilities, $1,800. The business sold medical supplies to another physician for cost of $500 and received cash. The business borrowed $40,000, signing a note payable to the bank. The business paid $1,100 on account. 15-31 31. 31. 31. Print Done Mar 6: Cohen invested $137,000 in the business, which in turn issued its common stock to her. Journal Entry Accounts and Explanations Date Debit Credit Mar Mar 9: The business paid cash for land costing $56,000. Cohen plans to build an office building on the land Journal Entry Accounts and Explanations Date Debit Credit Mar Mar 12: The business purchased medical supplies for $2,100 on account. Journal Entry Accounts and Explanations Date Debit Credit Mar 1 Mar 15: Dr. Ava Cohen, P.C., officially opened for business. Journal Entry Accounts and Explanations Date Debit Credit Mar Mar 15-31: During the rest of the month, Cohen treated patients and earned service revenue of $8,700, receiving cash for half the revenue earned. (Record this transaction as occurring on the last day of the month.) Journal Entry Accounts and Explanations Date Debit Credit Mar Mar 15-31: The business paid cash expenses: employee salaries, $3,100; office rent, $1,300; utilities, $1,800. (Record this transaction as occurring on the last day of the month. Prepare a single compound journal entry.) Journal Entry Accounts and Explanations Date Debit Credit Mar Mar 31: The business sold supplies to another physician for cost of $500 and received cash. Journal Entry Accounts and Explanations Date Debit Credit Mars Mar 31: The business borrowed $40,000, signing a note payable to the bank. Journal Entry Accounts and Explanations Date Debit Credit Mar Mar 31: The business paid $1,100 on account. Journal Entry Accounts and Explanations Date Debit Credit Mar