Question: Dr. Lisa Chase opened a medical practice specializing in physical therapy. During the first month of operation (December), the business, titled Dr. Lisa Chase, Professional





Dr. Lisa Chase opened a medical practice specializing in physical therapy. During the first month of operation (December), the business, titled Dr. Lisa Chase, Professional Corporation (P.C.), experienced the following events: (Click the icon to view the events.) Requirement 1. Record the transactions in the journal of Dr. Lisa Chase, 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 fields blank.) Dec 6: Chase invested $137,000 in the business, which in turn issued its common stock to her. More info Dr. Lisa Chase opened a medical practice specializing in physical therapy. During the first month of operation (December), the business, titled Dr. Lisa Chase, Professional Corporation (P.C.), experienced the following events: (Click the icon to view the events.) Requirement 1. Record the transactions in the journal of Dr. Lisa Chase, 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 fields blank.) More info Dec 12: The business purchased medical supplies for $1,800 on account. experienced the following events: (Click the icon to view the events.) Requirement 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 fields blank.) More info Dec 15-31: The business paid cash expenses: employee salaries, $2,500; office rent, $1,200; utilities, compound journal entry.) experienced the following events: (Click the icon to view the events.) Requirement 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 fields blank.) Dec 31: The business borrowed $39,000, signing a note payable to the bank. More info Dec 31: The business paid $1,200 on account. experienced the following events: (Click the icon to view the events.) Requirement 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 fields blank.) Dec 31: The business borrowed $39,000, signing a note payable to the bank. Dec 31: The business paid $1,200 on account
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