J.F Outz, M.D has been practicing as a cardiologist for three years. During April 2020, Outz...
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J.F Outz, M.D has been practicing as a cardiologist for three years. During April 2020, Outz completed the following transactions in her practice of cardiology: April 1-Paid office rent for April, P800 April 3 - Purchased equipment on account, P2,100 April 5-Received cash on account from patients, P3,150 April 8-Purchased X-ray film and other supplies on account, P245 April 9 - One of the items of equipment purchased on April 3 was defective. It was returned with the permission of the supplier, who agreed to reduce the account for the amount charged for the item, P325. April 12- Paid cash to creditors on account, P1,250 April 17-Paid cash for renewal of a six-month property insurance policy. P370 April 20-Paid accounts payable, P200 April 24- Paid cash for laboratory analysis, P545 April 27- Paid cash from business bank account for personal and family expenses P1,250 April 30 Recorded the cash received in payment of services (on a cash basis) to patients during April, P1,720 April 30-Paid salaries of receptionist and nurses, P1,725 April 30 - Paid various utility expenses, P360 April 30- Recorded fees charged to patients on account for services performed in April, P5,145 April 30 - Paid miscellaneous expenses, P132 Outz' account titles and balances as of April 1 (all normal balances) are: Cash, P4.123: Accounts Receivable, P6,725; Supplies, P290; Prepaid Insurance, P465; Equipment, P19,745: Accounts Payable, P765: J.F. Outz, Capital, P30,583; J.F. Outz, Drawing, P0, Professional Fees, PO: Salary Expense, P0; Rent Expense, P0; Laboratory Expense, P0; Utilities Expense, PO; Miscellaneous Expense, PO. Determine the balance of Cash of April 30, 2020. Refer to Problem 1, What is the balance of Accounts Payable as of April 30, 2020? Question 34 Refer to Problem 1, What is the balance of J.F. Outz as of April 30, 2020? 1 pts Refer to Problem 1, What is the balance of Professional Fees for the month of April 2020? Question 36 Refer to Problem 1. What is the balance of Salary Expense for the month of April 2020? 1 pts J.F Outz, M.D has been practicing as a cardiologist for three years. During April 2020, Outz completed the following transactions in her practice of cardiology: April 1-Paid office rent for April, P800 April 3 - Purchased equipment on account, P2,100 April 5-Received cash on account from patients, P3,150 April 8-Purchased X-ray film and other supplies on account, P245 April 9 - One of the items of equipment purchased on April 3 was defective. It was returned with the permission of the supplier, who agreed to reduce the account for the amount charged for the item, P325. April 12- Paid cash to creditors on account, P1,250 April 17-Paid cash for renewal of a six-month property insurance policy. P370 April 20-Paid accounts payable, P200 April 24- Paid cash for laboratory analysis, P545 April 27- Paid cash from business bank account for personal and family expenses P1,250 April 30 Recorded the cash received in payment of services (on a cash basis) to patients during April, P1,720 April 30-Paid salaries of receptionist and nurses, P1,725 April 30 - Paid various utility expenses, P360 April 30- Recorded fees charged to patients on account for services performed in April, P5,145 April 30 - Paid miscellaneous expenses, P132 Outz' account titles and balances as of April 1 (all normal balances) are: Cash, P4.123: Accounts Receivable, P6,725; Supplies, P290; Prepaid Insurance, P465; Equipment, P19,745: Accounts Payable, P765: J.F. Outz, Capital, P30,583; J.F. Outz, Drawing, P0, Professional Fees, PO: Salary Expense, P0; Rent Expense, P0; Laboratory Expense, P0; Utilities Expense, PO; Miscellaneous Expense, PO. Determine the balance of Cash of April 30, 2020. Refer to Problem 1, What is the balance of Accounts Payable as of April 30, 2020? Question 34 Refer to Problem 1, What is the balance of J.F. Outz as of April 30, 2020? 1 pts Refer to Problem 1, What is the balance of Professional Fees for the month of April 2020? Question 36 Refer to Problem 1. What is the balance of Salary Expense for the month of April 2020? 1 pts
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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