Question: HELP PLEASE WILL RATE! I HAVE TO UNDERSTAND Make journal entries based om the following: A. MARCH 2, borrowed $75,000 from Bank to invest in
HELP PLEASE WILL RATE! I HAVE TO UNDERSTAND
Make journal entries based om the following:
A. MARCH 2, borrowed $75,000 from Bank to invest in the business. The terms of the loan are as follows: Interest ...................... 5% Term .................... 15 years b. MARCH 4, Collected $1,500 from medical plan receivables c. MARCH. 6, Paid $2,600 of accounts payable d. MARCH 7, Received $5,000 for medical services and.
e. MARCH 8, Provided medical services worth $10,000, received $6,000, and the rest will be charged next month
F. MARCH. 5, He served in the operating room, was paid $3,000 in cash. G. The total deductibles charged to patients in CASH during the month OF MARCH was $3,000. H. Recognize the depreciation expense of the month of march for:
Furniture 20,000 / 5 = Equipment 100,000 / 20 = Auto 30,000 / 5 = Building 150,000 / 30 = Improvements to Building 30,000 / 10 =
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